Key notes
- Bitvavo obtained a mica license in the Netherlands.
- The CEO of Bitvavo, Mark Nuvelstijn, noted that the license offers the clarity that the company needs to achieve its ambition.
- Coinbase also recently received a Luxembourg Mica license. .
Cryptocurrency Exchange Bitvavo obtained a market license in Crypto assets (MICA) in the Netherlands. The Dutch Authority for the Financial Markets (AFM) has granted the license to the company, offering it the possibility of operating through Europe within the framework of the new regulatory framework.
Mica licenses become sought after
With the newly received Mica license, Bitvavo can offer its crypto services in the 30 nations of the European Economic Area, including Iceland, Norway and Liechtenstein. Mark Nuvelstijn, CEO and co-founder of Bitvavo, noted that the license offers the clarity and the confidence that Bitvavo needs to achieve its ambition.
This ambition is to become the main digital asset trading platform in Europe. Already, he has obtained the place of the world’s largest player in the EUR cash market. According to Bitvavo, the provider of digital asset services has registrations in several countries, including France, Austria, Italy, Spain and the Netherlands.
Securing the Mica license is a huge success for Bitvavo. Several companies have submitted their requests even before the rule took effect in December 2024. Until now, regulators of the various EU states have been able to approve the licenses for some crypto exchanges.
The Netherlands granted up to four mica licenses to the Crypto exchanges. In December 2024, the company whose headquarters is in the United States Moonpay obtained an operational license to enter the Dutch market under the European Union Mica regulations. This movement has enabled Moonpay to offer its full range of services to users in the region, including Fiat-to-Crypto and Crypto-to-Fiat payment options.
About a week ago, the American Cryptocurrency Exchange Coinbase obtained a Luxembourg Commission for the Surveillance of the Financial Sector (CSSF). The company led by Brian Armstrong also referred to its travel plan for its European Ireland Center, capitalizing on the progressive regulatory position of Luxembourg on digital innovation and financial infrastructure.
The other exchanges that have received the Mica license are OKX, Crypto.com, Kraken, Bybit and Bitpanda. This Mica license is designed to normalize and regulate the cryptography market across Europe. It has the main emphasis on investor protection, financial stability and innovation.
🎉 Big News: Bitvavo obtains a Dutch AFM Mica license. 🇪🇺
We received a License MICA from the Dutch Authority for the Financial Markets (AFM) under the Crypto-Astests Regulatory Markets.
We are convinced of the Micar Framework and this license will feed the Bitvavo… pic.twitter.com/a1clteqkwd
– Bitvavo (@bitvavocom) June 27, 2025
Cryptography regulations in the United States and the United Kingdom
It should be noted that the subject of the regulation of cryptocurrencies gains in traction in various jurisdictions in the world. Rather than fighting against the evolution of crypto, several governments are now more interested in implementing rules and policies that protect residents and their assets.
In the United States, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have launched key measures to revise cryptographic regulations. This follows the creation of the crypto working group, which aims to determine which “digital assets” constitute titles, thus changing the way in which web companies are registered.
The SEC Commissioner, Hester Pierce, who directs the new working group on the crypto, underlined the need for a collaborative approach to shape cryptocurrency regulations.
Last May, the Financial Conduct Authority (FCA) of the United Kingdom invited the public and those of the cryptocurrency industry to share their reflections on how certain crypto services should be regulated under British law. This decision is aligned with its plan to introduce rules that protect users and provide companies with clear advice.
following
Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Benjamin Godfrey is a blockchain enthusiast and a journalist who savor the writing of actual applications for blockchain technology and innovations to stimulate general acceptance and global integration of emerging technology. His desire to educate people on cryptocurrencies inspires his contributions to renowned media and blockchain sites.
