DriveWealth's European subsidiary obtains MiCA license from the Central Bank of Lithuania

DriveWealth Europe, the European subsidiary of brokerage firm DriveWealth, has been authorized by the Central Bank of Lithuania to become a cryptocurrency service provider under the MiCA framework, and is permitted to provide cryptocurrency services within the European Union. This license builds upon the MiFID II license, enabling a single EU entity to cover both securities and crypto asset businesses. DriveWealth plans to launch the relevant crypto services in phases next year.