Bitvavo is the newest crypto change granting markets for crypto property (MICA) licenses by the Dutch monetary market (AFM) and is now capable of function throughout Europe beneath a brand new regulatory framework.
Bitvavo co-founder and CEO Mark Nuvelstijn Confirmed He expressed information of Friday’s assertion and his full help for the MICA course of. “We absolutely help Mikar’s core ideas,” he mentioned:
“For equal taking part in fields in Europe, it’s important that guidelines are formulated and persistently enforced throughout all member states.”
Bitvavo’s danger chief says it was a “constructive collaboration.”
Nuvelstijn mentioned the licenses present clear steerage on crypto exchanges and confidence to function throughout Europe. MICA is designed to standardize and regulate crypto markets throughout Europe, specializing in investor safety, monetary stability and innovation. The MICA license window was opened on January 1st.
Bitvavo’s Chief Danger Officer Jeetan Patel mentioned the method is strict however environment friendly.
“We’ve taken all obligatory steps within the licensing course of over the previous interval to make sure compliance with complete, effective regulatory necessities,” Patel mentioned.
“We admire the constructive collaboration with AFM all through this course of, which is progressing effectively,” he added.
Crypto corporations flock to approve mica
The announcement follows a sequence of MICA license approvals in Europe over the previous few months.
On Wednesday, Crypto Trade Kraken mentioned it had obtained a MICA license from the Central Financial institution of Eire. On June twenty first, Crypto Trade Coinbase secured the MICA license from the Luxembourg Committee of Surveillance Du Secteur Financier.
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Three weeks in the past, on Could twenty ninth, Crypto Trade Bybit obtained a MICA license from the Austrian Monetary Markets Authority (FMA).
The regulatory framework adopted has led to updating investor belief throughout the area.
Konstantins Vasilenko, co-founder and chief enterprise improvement officer of Paybis, informed Cointelegraph on June 22 that buying and selling quantity from EU clients jumped 70% quarterly within the first quarter of 2025 shortly after MICA laws got here into impact.
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