Bitvavo has become the latest cryptographic exchange, which received a license for cryptocurrency markets (MICA) by the Dutch authority for financial markets (AFM), enabling operation throughout Europe as part of fresh regulatory frames.
Bitvavo co -founder and general director of Mark Nuvelstijn confirmed The message in the statement on Friday and expressed full support for the Mika trial. “We fully support the basic principles of Micar,” he said, adding:
“In the case of equal opportunities in Europe, it is important that the rules are formulated and consistently enforced in all Member States.”
Bitvavo risk head claims that it was “constructive cooperation”
Nuvelstijn said that the license provides the cryptographic exchange clear guidelines and trust in action throughout Europe. Mika was designed to standardize and regulate the cryptocurrency market throughout Europe, focusing on investors’ protection, financial stability and innovation. The Miki license window was opened on January 1.
Jeetan Patel, Bitvavo risk director, said the process was demanding but productive.
“Recently, we have taken all necessary steps in the licensing process and provided compliance with the comprehensive Micr regulatory requirements,” said Patel.
“We value constructive cooperation with AFM during this process. He acted effectively,” he added.
Cryptographic companies are gathering
This advertisement has been followed in recent months in Europe, a series of MIKA license approvals in Europe.
On Wednesday, Crypto Exchange Kraken said that she had received a MICA license from Central Bank of Ireland. On June 21, Crypto Exchange Coinbase secured the MICA license from the financer of Luxembourg Du Seteur.
Three weeks earlier, on May 29, Crypto Exchange Bybit obtained a MICA license from Austria Austria (FMA).
Related: The European Commission disregards the risk of Stablecoin, the ECB warning.
Meanwhile, in December 2024, the Kryptographic company Moonpay reported permission to act as a licensed cryptographic company in the Netherlands by Miki account.
The adopted regulatory framework led to investors’ re -confidence throughout the region. Konstantins Vasilenko, co -founder and director of business development in Paybis, said CointeLgraph on June 22 that commercial volumes from EU clients jumped by 70% of a quarter of an hour in the first quarter of 2025, right after the beginning of the Miki regulation.
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