Lunar first in Scandinavia to receive MiCA license for crypto services

The MiCA license enables crypto platforms, such as Lunar Block, to operate with stronger consumer protections under the first European regulation for crypto assets. Launched in 2022, Lunar Block is a closed, in-app crypto platform that lets users buy and sell crypto coins directly in the Lunar app. It is integrated with Lunar’s broader banking experience and has been built with clear controls, robust safeguards, and straightforward pricing.

“As a challenger bank, we believe in the power of innovation and that crypto assets can play a pivotal part in the digital asset landscape. But innovation needs guidance from clear rules. Regulation is vital to turning new ideas into dependable services,” says Ken Villum Klausen, CEO & Founder at Lunar.

MiCA is the EU’s first comprehensive framework for crypto, designed to bring the same level of oversight and consumer protection to digital assets as in traditional financial services. For users, this means stronger protections, clearer rules, and a secure, regulated crypto trading experience directly in the Lunar app.

“From day one, we’ve focused on ensuring that our users’ investments are handled safely when trading in Lunar Block. With MiCA, regulation becomes an enabler rather than an obstacle. It provides the entire financial sector with a framework to grow responsibly in Europe and allows Lunar to offer crypto services with even stronger consumer protection as part of the broader banking experience,” says Ken Villum Klausen, founder and CEO of Lunar.

The license shifts Lunar Block from national registration with the Danish FSA (Finanstilsynet) to the EU-wide MiCA framework, allowing Lunar to innovate in crypto services without compromising EU-wide protections. Rather than holding back innovation, the framework is designed to foster innovation with stronger safeguards.