Bitvavo has become the latest crypto exchange for the Dutch Financial Markets Authority (AFM) license to the crypto Assets Market (MICA) market, enabling it to operate in Europe under the new regulatory framework.
Mark Nuvelstijn, Co-founder and CEO of Bitvavo Confirmed The news expressed his full support for the mica process in a statement Friday. “We fully support Micar’s core principles,” he said.
“For a level playing field in Europe, rules must be formulated and enforced in all member states at all times.”
Bitvavo’s risk manager said it was “constructive cooperation”
Nuvelstijn said the license provides clear guidance for crypto exchanges and confidence to operate throughout Europe. Mica designed for Standardize and regulate cryptocurrencies The entire European market focuses on investor protection, financial stability and innovation. The licensing window for mica will be open on January 1.
Jeetan Patel, chief risk officer of Bitvavo, said the process was strict but effective.
“In the past stages, we have taken all the necessary steps in the licensing process and ensure compliance with comprehensive element regulatory requirements,” Patel said.
He added: “Over the whole process, we place great emphasis on constructive cooperation with AFM. It has progressed effectively.”
Crypto companies are flocking to get mica approval
The announcement comes in recent months with a series of mica license approvals in Europe.
Wednesday, Crypto Exchange Kraken It means that it has obtained a mica license from the Central Bank of Ireland. On June 21, crypto exchange Coinbase obtained a mica license from the Luxembourg Commission Financial sector monitoring.
Three weeks ago, May 29, crypto exchange BYBIT obtains a mica license From the Austrian Financial Markets Authority (FMA).
Related: European Commission downplays stability risks, anti-ECB warning
Meanwhile, in December 2024, crypto payment company Moonpay reported that it was approved to operate as a licensed crypto business The Netherlands under the Mica Act.
The regulatory framework adopted has given new confidence to investors in the region. Paybis co-founder and chief business development officer Konstantins Vasilenko told Cointelegraph on June 22 that EU clients’ transaction volume jumped by a quarter of 70% in the first quarter of 2025. After the Mica regulations come into effect.
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