Crypto Exchang Bitvavo provides the Dutch Mika license star-news.press/wp

Bitvavo has become the latest encryption exchange that is granted markets in the Crypto-ASSITS license (MICA) by the Dutch Financial Markets Authority (AFM), allowing it to work throughout Europe under the new organizational framework.

Participant founder and executive director of Bitvavo Mark Nuvelstijn certain The news in a statement on Friday and expressed its full support for the Mika process. “We completely support the basic principles of microscope,” he said, adding:

“For the field of play in Europe, it is necessary that the rules be formulated and constantly implemented in all member states.”

Bitvavo Risk Chief says it is “constructive cooperation”

Nuelstijn said the license provides encryption exchange with clear directions to work throughout Europe. MICA is designed to unify and regulate the encryption market throughout Europe, with a focus on protecting investors, financial stability and innovation. The Mika license window was opened on January 1.

Bitvavo’s chief risk official, Jitan Patel, said the operation was strict but effective.

“During the last period, we took all the necessary steps in the licensing process and ensuring compliance with the comprehensive regulatory requirements of Micar,” Patel said.

“We strongly appreciate constructive cooperation with AFM throughout this process. It has done efficiently,” he added.

The encryption companies flow to accredited Mika

This announcement follows a series of MICA licensing approvals in Europe in recent months.

On Wednesday, Crypto Excination Kraken said it had received a MICA license from the Central Bank of Ireland. On June 21, Crypto Excination Coinbase obtained a MICA license from the Du Secteur Micitor Monitor.

Three weeks ago, on May 29, Crypto Exchange bybit got a MICA license from the Austrian Capital Market Authority (FMA).

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Meanwhile, in December 2024, the Crypto Moonpay payment company reported obtaining approval to work as a licensed encryption company in the Netherlands under the MICA bill.

The accredited organizational framework has resulted in the investor’s confidence in all parts of the region. Konstantins Vasilenko, co -founder and head of business development at Paybis, told Cointelegraph on June 22 that trading volumes of European Union clients jumped 70 % about a quarter of a quarter in the first quarter of 2025, immediately after entered MICA.

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