Bitvavo, a prominent cryptocurrency exchange, has secured the Markets in Crypto-Assets Regulation (MiCA) license from the Dutch Financial Markets Authority (AFM), enabling its operations across 30 countries within the European Economic Area. This regulatory milestone aligns with the EU’s comprehensive framework, which became effective in December 2022, aiming to standardize crypto asset oversight across member states. The MiCA regulation, set to be fully enforced throughout 2023, encompasses all 27 EU countries along with Iceland, Norway, and Liechtenstein, enhancing legal certainty and investor protection in the crypto sector. Bitvavo’s compliance with MiCA underscores its commitment to regulatory adherence and positions it strategically within the evolving European digital asset market. This development reflects a broader trend of crypto firms seeking formal authorization to operate under stringent regulatory environments, fostering increased transparency and market stability across the region.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024