Bitvavo’s chief risk officer Jeetan Patel says the process of securing a MiCA license “progressed efficiently.”
Bitvavo has become the latest crypto exchange to be granted a Markets in Crypto-Assets (MiCA) license by the Dutch Authority for Financial Markets (AFM), allowing it to operate across Europe under the new regulatory framework.
Bitvavo co-founder and CEO Mark Nuvelstijn confirmed the news in a statement on Friday and expressed his full support for the MiCA process. “We fully support the core principles of MiCAR,” he said, adding:
Nuvelstijn said the license provides the crypto exchange with clear guidance and confidence to operate across Europe. MiCA is designed to standardize and regulate the crypto market across Europe, focusing on investor protection, financial stability and innovation. MiCA’s licensing window opened on Jan. 1.
