Bitvavo has change into the newest crypto alternate to be granted a Markets in Crypto-Property (MiCA) license by the Dutch Authority for Monetary Markets (AFM), permitting it to function throughout Europe below 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 totally assist the core rules of MiCAR,” he mentioned, including:
“For a stage taking part in subject in Europe, it’s important that the foundations 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 now have 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 companies are flocking to get MiCA-approved
The announcement follows a string of MiCA license approvals in Europe in current 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 Might 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 growth officer at Paybis, instructed Cointelegraph on June 22 that buying and selling volumes from EU clients jumped 70% quarter-on-quarter in Q1 2025, proper after the MiCA regulation took impact.
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