Crypto change Bitvavo has develop into the most recent crypto agency to acquire a Markets in Crypto-Belongings (MiCA) license, granted by the Dutch Authority for Monetary Markets (AFM), permitting the change to function throughout Europe underneath the brand new regulatory framework.
Bitvavo co-founder and CEO Mark Nuvelstijn confirmed the information in a press release on Friday and expressed his full assist for the MiCA course of. “We absolutely assist the core ideas of MiCAR,” he stated, including:
“For a stage taking part in discipline in Europe, it’s important that the foundations are formulated and enforced persistently throughout all member states.”
Bitvavo’s danger chief says it was a “constructive collaboration”
Nuvelstijn stated the license supplies the crypto change with clear steering and confidence to function throughout Europe. MiCA is designed to standardize and regulate the crypto market throughout Europe, specializing in investor safety, monetary stability and innovation. MiCA’s licensing window opened on Jan. 1.
Bitvavo chief danger officer Jeetan Patel stated the method was rigorous however environment friendly.
“Over the previous interval, we’ve taken all essential steps within the licensing course of and have ensured compliance with the great MiCAR regulatory necessities,” Patel stated.
“We extremely worth the constructive collaboration with the AFM all through this course of. It has progressed effectively,” he added.
Crypto corporations are flocking to get MiCA-approved
The announcement follows a string of MiCA license approvals in Europe in current months.
On Wednesday, crypto change Kraken stated it had acquired the MiCA license from the Central Financial institution of Eire. On June 21, crypto change Coinbase secured a MiCA license from the Luxembourg Fee de Surveillance du Secteur Financier.
Three weeks prior, on Might 29, crypto change Bybit obtained a MiCA license from Austria’s Monetary Market Authority (FMA).
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In the meantime, in December 2024, crypto funds agency MoonPay reported receiving approval to function as a licensed crypto enterprise within the Netherlands underneath the MiCA invoice.
The adopted regulatory framework has led to renewed investor confidence throughout the area. Konstantins Vasilenko, co-founder and chief enterprise growth officer at Paybis, instructed Cointelegraph on June 22 that buying and selling volumes from EU prospects jumped 70% quarter-on-quarter in Q1 2025, proper after the MiCA regulation took impact.
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