Crypto custodian Taurus gets EU license to hold assets for traditional investors
Taurus, a company that securely stores cryptocurrency for institutions, received a MiFID license from Cyprus regulators. This license allows the firm to operate as a regulated financial services provider in the European Union. MiFID is a major EU financial regulation framework that applies to investment firms. Obtaining this license means Taurus can now serve institutional clients across Europe with the same regulatory oversight as traditional investment firms. This represents growing integration between crypto custody services and mainstream financial regulation.
Why it matters
When crypto custody firms get licensed by major regulators, it makes it safer for institutions to hold crypto. This could accelerate how quickly cryptocurrencies become standard investment options for pension funds and insurance companies.
