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FollowingSingapore-based payment company Paymonade obtains European crypto asset service license
Paymonade, a payment company founded in Singapore, has obtained a crypto asset service license in Europe, thus crossing the regulatory threshold in the region and being allowed to operate as an authorized crypto asset service provider.
This approval was granted in accordance with the EU Cryptographic Asset Markets Framework, and Paymonade was registered as an additional crypto asset service provider through the Liechtenstein Financial Markets Authority. This registration will include the company in the national registry of cryptographic asset service providers maintained by regulators.
This milestone was reported in mid-July 2026, when it was reported that the Singapore company had passed the European cryptocurrency regulatory review.
Quick overview of key points
Event: Paymonade obtains a crypto asset service license in Europe.
Path: Registered as a cryptographic asset service provider through the Liechtenstein FMA in accordance with the EU MiCA framework.
Significance: This authorization is a prerequisite for providing regulated encryption services in the European market.
Paymonade European crypto license coverage
MiCA is a unified rulebook formulated by the European Union for crypto assets, which stipulates the authorization and operating requirements for service providers in each member state. Registration as a crypto asset service provider is a mechanism for companies to be allowed to provide crypto services under this regulatory system.
Except for the registration itself, existing reports do not detail Paymonade's specific service scope. The confirmed fact is that registration has been completed on the MiCAR Cryptographic Asset Service Provider Register of Liechtenstein Regulators; information beyond this scope is only speculation and not an explicitly authorized business scope.
Importance of this license to Paymonade's European expansion
MiCA registration is an entry condition for conducting regulated crypto activities in the EU, and obtaining this license removes core compliance barriers to operating in the EU. This is in line with the path taken by other payment companies (such as BitPay, which targets stablecoin payments, obtained a Dutch MiCA license).
The report placed the approval against a severe regulatory background, with the company announcement stating that the license was obtained after most European crypto companies failed to meet the new regulations. This background highlights the credibility signal conveyed by authorization.
Its competitive significance is similar to Bridge's pursuit of EU licenses to cover 27 member states-a single approval would achieve the right of way for the entire EU, rather than country-by-country access.
Impact on users and regional crypto markets
For customers, authorized crypto asset service providers must comply with MiCA's codes of conduct and information disclosure standards, which brings a higher regulatory baseline than unregulated providers. The Liechtenstein FMA also pointed out that the MiCAR transition period has ended, strengthening the requirement that companies must hold appropriate authorizations.
The move fits in with a broader wave of regulated market access, including Coinbase's British license and Revolut's approval-in-principle in the United Arab Emirates. For readers concerned about regulated crypto adoption, the practical lesson is that European market access is increasingly relying on official licenses rather than gray area operations.
In existing reports, Paymonade has not announced detailed next steps, so the launch timetable of the specific service is still unknown.
Disclaimer : This article is for information purposes only and does not constitute financial or investment advice. There are significant risks in the cryptocurrency and digital asset markets. Please be sure to study for yourself before making a decision.
