Bitvavo has become the latest crypto exchange that will be given a Crypto-Assets (MICA) license (MICA) license (MICA) license for Financial Markets (AFM), allowing it to work throughout Europe under the new regulatory framework.
Bitvavo co-founder and CEO Mark Nuvelstijn confirmed The news in a statement on Friday and expressed his full support for the MICA process. “We support Micar’s basic principles,” he said, and added:
“For a field play level in Europe, it is important that the rules are outlined and implemented in all member states.”
Said the danger of Bitvavo’s risk as it is a “constructive cooperation”
Nuvelstijn said the license provides a crypto exchange with a clear guide and confidence to operate throughout Europe. Mica is designed to Standard and arrange crypto Market throughout Europe, dedicated to investor protection, financial stability and change. Mica’s licensing window opened on January 1.
Bitvavo chief risk officer Jeetan Patel said the process was strict but great.
“In the past, we took all the necessary steps in the licensing process and ensured compliance with comprehensive Micar regulation requirements,” Patel said.
“We greatly appreciate the developing cooperation with AFM throughout this process. It has evolved well,” he added.
Crypto firms attracts to approve Mica
The announcement has followed a string of approved MICA license in Europe in recent months.
On Wednesday, Crypto Exchange Kraken It said the MICA’s license was received from the Central Bank of Ireland. On June 21, Crypto Exchange Coinbase ensured a MICA license from the Luxembourg Commission Tracking the financial sector.
Related: The European Commission Downplays Stablecoin Risks, Counter ECB Warning
Three weeks before, on May 29, exchange of crypto Bybit got a MICA license From Austria’s Financial Market Authority (FMA).
The adopted framework of regulation has led to the revised investor trust throughout the region.
Konstantins Vasilenko, co-founder and Chief Business Development Officer in Paybis, told Cointelegraph on June 22 that trade volumes from EU customers jumped 70% quarter-on-quarter in Q1 2025, right After Mica’s regulation takes place.
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