Global: Lunar Becomes First Scandinavian Bank to Secure MiCA Crypto License

Nordic challenger bank Lunar has made history as the first financial institution in Scandinavia to obtain a crypto license under the European Union’s Markets in Crypto-Assets (MiCA) regulation, marking a major milestone in the region’s digital finance landscape.

Lunar, which launched its in-app crypto trading platform, Lunar Block, in 2022, enables users to buy and sell digital assets directly within its banking app. With the newly granted CASP (Crypto Asset Service Provider) license, Lunar is now fully compliant with MiCA’s standards—ensuring greater transparency, consumer protection, and regulatory oversight.

According to Ken Villum Klausen, CEO of Lunar, the achievement underscores the bank’s commitment to balancing innovation with responsible governance.

“As a challenger bank, we believe in the power of innovation and that crypto assets can play a pivotal role in the digital asset landscape. But innovation needs guidance from clear rules. Regulation is vital to turning new ideas into dependable services,” he stated.

The MiCA framework—adopted by the EU to create uniform rules for crypto-asset markets—aims to strengthen investor confidence, reduce risks, and foster trust in digital financial services across member states.

By becoming the first MiCA-licensed provider in Scandinavia, Lunar sets a benchmark for regulatory compliance and consumer trust in the region’s evolving crypto economy, paving the way for broader institutional participation in digital assets.