#None #ZBD #MiCA License #Crypto Assets

ZBD Achieves Historic Milestone with EU MiCA License Approval

ZBD, a pioneering payment solutions company, has made significant waves in the financial technology sector by becoming the first firm to receive official approval for the new EU MiCA (Markets in Crypto-Assets) license. This groundbreaking achievement enables ZBD to offer a wide range of crypto-asset services, solidifying its position as a leader in innovation and compliance within the rapidly evolving cryptocurrency landscape of the European Union.

The approval, sanctioned by the Dutch Authority for Financial Markets (AFM), is set to take effect on December 30, 2024, coinciding with the regulatory framework's commencement. The MiCA regulation is a crucial step toward ensuring that all crypto-service providers within the EU adhere to stringent compliance standards, promoting consumer protection and fostering a safer financial environment for crypto transactions.

This historic step for ZBD comes at a time when numerous companies, including some of the largest exchanges globally, face significant challenges in achieving compliance with the MiCA regulation. ZBD's forward-thinking and proactive compliance strategy has uniquely positioned the company to not only meet these requirements but also excel in delivering enhanced services to clients across the EU.

Marca Wosoba, ZBD's Chief Operating Officer, expressed enthusiasm about this new chapter: "Being the first to receive MiCA license approval is a major step forward for us. We've cultivated a culture where compliance is a vital aspect of our operations, viewing it as a catalyst for new features instead of a hindrance. The MiCA regulation presented us with an opportunity to secure a license across the EU, facilitating our expansion in that region."

ZBD's commitment goes beyond just compliance; it aims to create a transformative digital payment infrastructure primarily targeting the gaming and entertainment sectors. Unlike traditional fintech companies that often start with fiat-centric models and later incorporate crypto features, ZBD leverages the Bitcoin Lightning Network to provide efficient, cost-effective, and scalable payment solutions on a global scale.

This innovative approach enables ZBD to meet market demands in gaming environments, offering unique use cases that traditional finance cannot cater to, such as instant payout features where players can withdraw winnings immediately—even for minimal amounts. "The establishment of a stable and profitable enterprise puts us in a great position to expand further and pursue our ambition of developing a payment system capable of instant money transfers in any currency," Wosoba added.

ZBD has demonstrated a strategic readiness for the impending regulation by filing its MiCA registration application at the earliest opportunity. Maintaining close ties with the AFM, which was the first regulatory authority in the EU to accept and process applications under MiCA, was instrumental in ZBD achieving this significant milestone.

With the MiCA license, ZBD will be able to introduce more sophisticated Bitcoin-based payment products and scale its operations rapidly in the EU throughout 2025. This milestone also inches ZBD closer to realizing their broader vision as a transformative digital payment entity. In line with their philosophy of first prioritizing cryptocurrencies, ZBD is also on track to secure an Electronic Money Institution (EMI) license, which will enhance the range of fiat payment services it can offer under the MiCA framework.

About ZBD

ZBD is at the forefront of payment innovation, redefining how money is transferred over the Internet. Particularly in the gaming world, ZBD has gained recognition for providing real-time cash winnings for partners ranging from Square Enix to 1047 Games. Beyond gaming, ZBD enables distinct use cases in interactive entertainment and adjacent sectors, allowing money to flow online as effortlessly as information. From live transactions during podcasting sessions to implementing real-time revenue sharing for ad tech innovators, ZBD is poised to keep expanding its services while maintaining compliance and security at its core.

To explore more about ZBD, visit zbd.gg.