Bitvavo Secures MiCA License in the Netherlands
Bitvavo, the leading EUR spot crypto exchange in Europe, has successfully obtained a Markets in Crypto Assets (MiCA) license, allowing it to operate in all 27 EU member countries. This significant milestone was achieved with the Dutch Authority for the Financial Markets (AFM). Chief Risk Officer, Jeetan Patel, praised the AFM's collaborative approach in this efficient process. Joining the ranks of Coinbase in Luxembourg and Kraken in Ireland, Bitvavo is now officially licensed to expand its services under MiCA. MoonPay and other crypto firms have also been granted licenses by the Netherlands. MiCA provides a unified regulatory framework for cryptocurrency businesses in the EU, bringing consistency across member states. Crypto exchange Gemini is reportedly nearing approval for MiCA from Malta. The Block, an independent media entity with investors in the crypto sector, continues to provide insightful news and data on developments like these.
FAQ
❓ What is the MiCA license?
MiCA stands for Markets in Crypto Assets, a regulatory framework for cryptocurrency firms within the EU, ensuring a consistent legal landscape.
❓ Why is the MiCA license important for Bitvavo?
The license allows Bitvavo to operate legally across all 27 EU member states, enhancing its market reach and operational confidence.
❓ Who else has obtained a MiCA license?
Coinbase, Kraken, and MoonPay are among the exchanges and firms that have recently received MiCA licenses in the EU.