Damoon Technology (Europe) AG, operating under the name Paymonade, is reported to be approved under the EU’s Markets in Crypto-Assets (MiCA) regulation after the bloc’s transition period ends. According to PR Newswire, the company is based on a registration arrangement described as involving VADUZ, Liechtenstein and Singapore, and it becomes one of a limited number of crypto firms authorized across the European Economic Area (EEA). The outlets state that MiCA authorization is granted to only 280 companies EEA-wide following the end of the transition phase. The same reports claim that around 90% of European crypto businesses do not meet the requirements to be authorized. The information provided focuses on MiCA compliance and the authorization count across the EEA; it does not detail the specific compliance steps Paymonade completed or the reasons other firms are not authorized. The reporting therefore presents Paymonade’s approval as part of the broader MiCA transition outcomes for the industry.