Bitvavo Successfully Acquires MiCA License in the Netherlands
The company joins others like Kraken, Coinbase, and Bybit in obtaining licenses to operate in the European Economic Area.
Overview
Bitvavo has secured a Markets in Crypto Assets License from the Dutch Authority for the Financial Markets (AFM), allowing the company to operate in the 30 countries within the European Economic Area.
Key Points
- Bitvavo joins other crypto exchanges including Kraken, Coinbase, and Bybit which have also obtained MiCA licenses.
- Since the implementation of MiCA regulations in 2023, crypto firms have been actively applying for these licenses to ensure compliance and expand their operations within Europe.
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In a statement, Mark Nuvelstijn, CEO and co-founder of Bitvavo, remarked, “This license provides clarity, confidence and enables Bitvavo to fulfil its ambition: to become the leading digital asset trading platform in Europe.”
Translated: “Esta licencia proporciona claridad, confianza y permite a Bitvavo cumplir su ambición: convertirse en la principal plataforma de negociación de activos digitales en Europa.”
Alongside its license in the Netherlands, Bitvavo has already registered in several countries such as France, Austria, Italy, and Spain. This expansion reflects the ongoing regulatory developments and the push towards unified standards within the EU’s crypto market.
