- BitPay secured a license as a crypto-asset service provider from the Dutch Authority for the Financial Markets under the Markets in Crypto-Assets (MiCA) framework.
- The approval allows the company to operate across European Union member states and expand its crypto and stablecoin payment services.
- BitPay is one of the latest firms to obtain a MiCA license following a July 1 requirement for all crypto-related service providers in the region to be regulated.
On Thursday, BitPay announced it had secured a license from the Dutch Authority for the Financial Markets, enabling the company to operate across the European Union under the Markets in Crypto-Assets (MiCA) framework. The crypto payments firm said the approval as a crypto-asset service provider allows it to expand services including crypto and stablecoin payments throughout the region.
The company is one of the latest to be licensed under MiCA after a July 1 requirement took effect, mandating all entities offering crypto-related services to be regulated. BitPay’s European head, Jonathan Arler, stated, “Europe is one of the most important regions for the future of payments.”
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
