MEXC Pursues MiCA Approval After CEO Change

MEXC recently named a new chief executive and will seek authorization under the European Union’s Markets in Crypto-Assets (MiCA) rules to expand exchange services across EU member states.

MiCA sets disclosure, capital and governance requirements for token issuers and crypto-asset service providers and requires registration or authorization with EU supervisors for certain firms. For exchanges, compliance typically includes stronger anti-money-laundering and know-your-customer procedures, clearer custody arrangements for client assets and greater transparency on token listings and market operations.

The exchange plans to update its policies, internal controls, risk management and client onboarding to meet MiCA obligations and will engage with national and EU supervisors during the authorization process. The company has not published a detailed timetable or identified specific national regulators for filings.

Firms authorized under MiCA can offer services across the EU single market under a harmonized rulebook. For an international exchange, authorization allows continued listing of assets and processing of trades for EU-based users and provides access to institutional and retail customers subject to the law’s requirements.

The company framed the compliance work as part of a broader effort to align with global regulatory expectations and expand in Europe. It indicated it will publish further disclosures on its regulatory timeline and operational changes as the new chief executive implements the European compliance plan.