Bitvavo Secures a MiCA License From the Netherlands

Bitvavo is the newest crypto change to obtain a Markets in Crypto Assets License from the Dutch Authority for the Financial Markets (AFM) to function throughout the 30 nations in the European Economic Area.

Crypto corporations have been making use of for the licenses since the regulatory regime got here into pressure in December final yr. MiCA, which got here into pressure in 2023 harmonizes guidelines throughout the European Union’s bloc of 27 nations plus Iceland, Norway and Liechtenstein.

The Netherlands additionally awarded licenses to 4 exchanges in December final yr, as the guidelines took impact. Other exchanges like OKX, Crypto.com and Bitpanda secured a MiCA license from Malta. Kraken was awarded a license on Thursday from Ireland, Coinbase was awarded a MiCA license from Luxembourg in June and Bybit was awarded an EU license from Austria in May.

“This license provides clarity, confidence and enables Bitvavo to fulfil its ambition: to become the leading digital asset trading platform in Europe,” mentioned Mark Nuvelstijn, CEO and co-founder of Bitvavo, in a assertion.

Bitvavo, which is the largest participant globally in the EUR spot market, already held registrations in France, Austria, Italy and Spain, along with the Netherlands, the firm’s launch mentioned.