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Batvavo has become the latest cryptocurrency to be awarded markets in crypto-assets license (Mica) license of the Dutch authority for financial markets (AFM), allowing it to operate throughout Europe in a new regulatory framework.
Batvavo co -founder and CEO Mark Nuvelstijn confirmed News on Friday in a statement and expressed their full support SIDA process. “We fully support Micara’s basic principles,” he said, adding:
“For equal conditions in Europe, it is essential that the rules are formulated and enforced consistently across all Member States.”
The head of Batvavo’s risk says it was “constructive cooperation”
Nuvelstijn said that the license provides a crypto replacement with a clear instructions and confidence in operation throughout Europe. The mica is proposed to Standardize and regulate the crypto The market throughout Europe with a focus on investors, financial stability and innovation. The Licensing Mica window opened 1 January.
The Chief Director of Batvavo Jeetan Patel said that this process was strict but effective.
“In the previous period, we have taken all the necessary steps in the license process and ensured compliance with comprehensive Micar regulation requirements,” Patel said.
“During this process, we greatly appreciate constructive cooperation with AFM. He proceeded efficiently,” he added.
Crypto companies flock to be approved by mica
The announcement has been governed by a number of SIDA license in recent months in Europe.
Center Crypto Exchange Kraken He stated that he had received a SIDA license from the Irish central bank. June 21 Crypto Exchange Coinbase has secured the license of the Slída from the Luxembourg Commission Supervision of a financial sector.
Three weeks before, 29 May, Crypto Exchange Bybit has obtained a license of the mica license From the Austrian Office for the Financial Market (FMA).
Related: The European Commission reduces the risks of stablecoin, ECB warning
Meanwhile in December 2024, Crypto Payments announced Moonpay that it received approval to function as a licensed cryptocurrency The Netherlands under the design of the mica.
The regulatory framework adopted has led to the renewed trust of investors throughout the region. Konstantins Vasilenko, co -founder and Chief Director for Business Development in Paybis, said Cointlegraph June 22 that trading volumes from EU customers jumped 70% of quarter in quarter of 2025, correctly After the Slída Regulation has manifested.
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