Bitvavo has turn into the most recent crypto alternate to be granted a Markets in Crypto-Belongings (MiCA) license by the Dutch Authority for Monetary Markets (AFM), permitting it 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 mentioned, including:
“For a degree enjoying discipline in Europe, it’s important that the principles are formulated and enforced constantly throughout all member states.”
Bitvavo’s danger chief says it was a “constructive collaboration”
Nuvelstijn mentioned the license gives the crypto alternate with clear steerage 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 mentioned the method was rigorous however environment friendly.
“Over the previous interval, we’ve taken all needed steps within the licensing course of and have ensured compliance with the excellent MiCAR regulatory necessities,” Patel mentioned.
“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 latest months.
On Wednesday, crypto alternate Kraken mentioned it had obtained the MiCA license from the Central Financial institution of Eire. On June 21, crypto alternate Coinbase secured a MiCA license from the Luxembourg Fee de Surveillance du Secteur Financier.
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Three weeks prior, on Could 29, crypto alternate Bybit obtained a MiCA license from Austria’s Monetary Market Authority (FMA).
The adopted regulatory framework has led to renewed investor confidence throughout the area.
Konstantins Vasilenko, co-founder and chief enterprise improvement 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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