ZBD, a leading payment platform utilizing the Bitcoin Lightning network, has announced that the Dutch Authority for the Financial Markets (AFM) has approved its application for a European Union MiCA license. This marks a significant milestone for ZBD, enabling the company to offer a wide range of crypto custody and exchange services across the EU.
With the license expected to be granted on December 30, ZBD is poised to expand its offerings and cater to the growing demand for cryptocurrency services within the trading bloc. The company, formerly known as Zebedee, shared this exciting news with CoinDesk, highlighting the opportunities that lie ahead.
ZBD initiated the application process back in April, demonstrating a proactive approach towards compliance and regulatory requirements. Once MiCA comes into effect, the list of approved license holders will be published on the AFM’s website, providing transparency to stakeholders and investors.
It’s worth noting that countries like the Netherlands have been proactive in preparing companies for the implementation of MiCA regulations. While some nations are still in the process of passing necessary legislation, ZBD’s approval sets a positive precedent for the industry.