Bitvavo wins MiCA license from Dutch authority, enabling streamlined operations across all 30 EEA countries under unified EU crypto regulation
According to Bitvavo’s chief risk officer, Jeetan Patel, the procedure of obtaining a MiCA license proceeded smoothly.
Bitvavo has been granted a Markets in Crypto-Assets (MiCA) license by the Dutch Authority for Financial Markets (AFM), enabling it to operate throughout Europe under the new regulatory framework. This marks the latest crypto exchange to receive such a license.
Mark Nuvelstijn, the CEO and co-founder of Bitvavo, issued a statement on Friday that confirmed the news and pledged his unwavering support for the MiCA procedure. “We are in complete agreement with the fundamental principles of MiCAR,” he stated, adding:
“For a level playing field in Europe, it is essential that the rules are formulated and enforced consistently across all member states.”
According to Bitvavo’s chief risk officer, the collaboration was “constructive.”
Nuvelstijn stated that the license offers the crypto exchange with unambiguous guidance and the assurance necessary to conduct business throughout Europe.
MiCA is intended to standardize and regulate the crypto market throughout Europe, with an emphasis on financial stability, innovation, and investor protection. Starting on January 1, the licensing window for MiCA was opened.
“The process was rigorous but efficient,” stated Jeetan Patel, Bitvavo’s chief risk officer.
Patel stated, “We have ensured compliance with the comprehensive MiCAR regulatory requirements and have taken all necessary steps in the licensing process over the past period.”
“We have placed a high value on the constructive collaboration with the AFM throughout this process.” He also stated that it has advanced satisfactorily.
Cryptocurrency companies are rushing to obtain MiCA approval.
The announcement is the result of a series of MiCA license approvals in Europe in recent months.
Kraken, a cryptocurrency exchange, announced on Wednesday that it had been granted a MiCA license by the Central Bank of Ireland. Coinbase obtained a MiCA license from the Luxembourg Commission de Surveillance du Secteur Financier on June 21.
Bybit, a crypto exchange, was granted a MiCA license by Austria’s Financial Market Authority (FMA) on May 29, three weeks prior.
Investor confidence has been restored throughout the region as a result of the regulatory framework that has been implemented.
On June 22, Konstantins Vasilenko, the co-founder and chief business development officer of Paybis, disclosed to Cointelegraph that trading volumes from EU customers increased by 70% quarter-on-quarter in Q1 2025, immediately following the implementation of the MiCA regulation.
