Bitvavo is the most recent crypto alternate to obtain a Markets in Crypto Belongings License from the Dutch Authority for the Monetary Markets (AFM) to function throughout the 30 nations within the European Financial Space.
Crypto corporations have been making use of for the licenses for the reason that regulatory regime got here into drive in December final yr. MiCA, which got here into drive in 2023 harmonizes guidelines throughout the European Union’s bloc of 27 nations plus Iceland, Norway and Liechtenstein.
The Netherlands additionally awarded licenses to 4 exchanges in December final yr, as the principles took impact. Different exchanges like OKX, Crypto.com and Bitpanda secured a MiCA license from Malta. Kraken was awarded a license on Thursday from Eire, Coinbase was awarded a MiCA license from Luxembourg in June and Bybit was awarded an EU license from Austria in Could.
“This license supplies readability, confidence and allows Bitvavo to fulfil its ambition: to turn into the main digital asset buying and selling platform in Europe,” stated Mark Nuvelstijn, CEO and co-founder of Bitvavo, in an announcement.
Bitvavo, which is the biggest participant globally within the EUR spot market, already held registrations in France, Austria, Italy and Spain, along with the Netherlands, the corporate’s launch stated.