Crystal will provide the ECB with comprehensive blockchain data to develop sophisticated statistical analyses.

Navin Gupta, CEO of Crystal, expressed his enthusiasm about the collaboration: “We are delighted to work with the European Central Bank, an institution at the forefront of financial regulation in the Eurozone. This partnership marks a significant step forward in using Crystal’s data to enhance financial oversight and ensure market stability. By supplying the ECB with cutting-edge data analytics, Crystal is empowering market stability and protecting participants in the digital economy.”

This partnership is especially pivotal as the EU prepares to implement Markets in Crypto-Assets (MiCA) Regulations, aimed at creating a comprehensive regulatory framework for crypto-assets.

“We see significant change on the horizon for crypto institutions worldwide, as regulations like MiCA take effect, and in light of this, our partnership with ECB is important for both us and the industry,” finished Navin.