Bitvavo can now legally operate across Europe after receiving a MiCA license from Dutch authorities.
- The MiCA license allows Bitvavo to offer services under one unified EU law.
- Other exchanges like Kraken and Coinbase have also received MiCA approval.
- MiCA aims to boost investor safety and clear rules for crypto firms in Europe.
Bitvavo Gains Approval to Operate in Europe
Bitvavo, a Netherlands-based crypto exchange, has secured a MiCA license from the Dutch Authority for Financial Markets. This approval lets Bitvavo offer crypto services in all European Union countries under the same set of rules. The decision came after meeting strict checks set by regulators.
What Is MiCA and Why It Matters
Markets in Crypto-Assets Regulation (MiCA) is a new law created by the European Union. It started on January 1, 2025. The goal is to protect users, keep the financial system safe, and help crypto businesses grow with rules that are the same in every country. MiCA removes the need for crypto firms to get separate licenses in each EU nation.
Bitvavo’s Reaction and Support
Bitvavo’s CEO, Mark Nuvelstijn, said the company fully supports the goals of MiCA. He wants rules to be fair and enforced evenly across all EU nations. He added that the license gives Bitvavo clear guidance and more trust to expand across Europe.
Behind the Approval Process
Bitvavo’s Chief Risk Officer, Jeetan Patel, noted that the process for getting the license was detailed but smooth. He praised the Dutch regulator for a constructive approach. Patel affirmed that Bitvavo worked hard to meet all of MiCA’s legal steps and rules.
More Exchanges Join the MiCA Movement
Bitvavo is one of several exchanges now registered under MiCA. In recent weeks, companies like Kraken, Coinbase, and Bybit also announced new approvals in Ireland, Luxembourg, and Austria. These moves show that crypto firms are responding quickly to the unified EU rules.
Rising Confidence Across European Markets
MiCA is helping build strong trust in the European crypto space. Paybis, another crypto platform, reported a 70% increase in trading from EU users in the first quarter of 2025 after MiCA took effect. Clear laws appear to attract both users and businesses.
Source: cointelegraph.com
