{"id":13522,"date":"2025-06-28T17:23:29","date_gmt":"2025-06-28T15:23:29","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=13522"},"modified":"2025-06-28T17:23:29","modified_gmt":"2025-06-28T15:23:29","slug":"bitvavo-achieves-mica-compliance-in-the-netherlands","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/06\/28\/bitvavo-achieves-mica-compliance-in-the-netherlands\/","title":{"rendered":"Bitvavo Achieves MiCA Compliance in the Netherlands"},"content":{"rendered":"

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Bitvavo has emerged as the latest cryptocurrency exchange to obtain a Markets in Crypto-Assets (MiCA) license from the Dutch Authority for Financial Markets (AFM), enabling it to function throughout Europe under the new regulatory regime.<\/p>\n

Bitvavo co-founder and CEO Mark Nuvelstijn announced<\/a> the development in a statement on Friday and voiced his complete endorsement of the MiCA initiative. \u201cWe are fully in favor of MiCAR’s underlying principles,\u201d he stated, further adding:<\/p>\n

\u201cFor an equitable playing field in Europe, it is vital that the regulations are developed and applied uniformly across all member states.\u201d<\/p><\/blockquote>\n

Bitvavo\u2019s risk executive describes it as a \u201cproductive partnership\u201d<\/h2>\n

Nuvelstijn asserted that the license equips the crypto exchange with precise direction and assurance to operate throughout Europe. MiCA aims to harmonize and supervise the crypto<\/a> sector across Europe, emphasizing investor safeguarding, financial stability, and innovation. MiCA\u2019s licensing period commenced on January 1.<\/p>\n

Source: <\/em>Bitvavo<\/em><\/a><\/figcaption><\/figure>\n

Bitvavo\u2019s chief risk officer Jeetan Patel mentioned that the process was thorough yet efficient.<\/p>\n

\u201cIn recent times, we have undertaken all essential measures in the licensing process and have guaranteed adherence to the comprehensive MiCAR regulatory requirements,\u201d Patel remarked.<\/p>\n

\u201cWe greatly appreciate the productive collaboration with the AFM during this process. It has advanced smoothly,\u201d he continued.<\/p>\n

Crypto companies are gathering to achieve MiCA authorization<\/h2>\n

The announcement arrives on the heels of several MiCA license approvals in Europe recently.<\/p>\n

On Wednesday, crypto firm Kraken<\/a> reported that it had secured the MiCA license from the Central Bank of Ireland. On June 21, crypto exchange Coinbase attained a MiCA license from the Luxembourg Commission de Surveillance du Secteur Financier<\/a>.<\/p>\n

Related: <\/strong><\/em>European Commission minimizes stablecoin threats, counters ECB alert<\/strong><\/em><\/a><\/p>\n

Three weeks earlier, on May 29, crypto exchange Bybit secured a MiCA license<\/a> from Austria\u2019s Financial Market Authority (FMA).<\/p>\n

The established regulatory framework has fostered renewed investor trust across the region.<\/p>\n

Konstantins Vasilenko, co-founder and chief business development officer at Paybis, revealed to Cointelegraph on June 22 that trading volumes from EU clients surged 70% quarter-on-quarter in Q1 2025, right after the MiCA regulation was implemented<\/a>.<\/p>\n

Magazine: <\/strong><\/em>Why being a Gen Z crypto founder is a \u2018blessing and a curse\u2019<\/strong><\/em><\/a><\/p>\n