Bitvavo has change into the newest crypto trade to be granted a Markets in Crypto-Property (MiCA) license by the Dutch Authority for Monetary Markets (AFM), permitting it to function throughout Europe beneath the brand new regulatory framework.
Bitvavo co-founder and CEO Mark Nuvelstijn confirmed the information in an announcement on Friday and expressed his full help for the MiCA course of. “We totally help the core ideas of MiCAR,” he stated, including:
“For a degree enjoying area in Europe, it’s important that the foundations are formulated and enforced persistently throughout all member states.”
Bitvavo’s threat chief says it was a “constructive collaboration”
Nuvelstijn stated the license offers the crypto trade 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 threat officer Jeetan Patel stated the method was rigorous however environment friendly.
“Over the previous interval, we’ve got taken all needed steps within the licensing course of and have ensured compliance with the excellent 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 companies are flocking to get MiCA-approved
The announcement follows a string of MiCA license approvals in Europe in current months.
On Wednesday, crypto exchange Kraken stated it had obtained the MiCA license from the Central Financial institution of Eire. On June 21, crypto trade 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 trade 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, informed 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 effect.
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