Dutch Crypto Exchange Bitvavo Granted MiCA License, Clearing Path for EU Expansion
Amsterdam-based cryptocurrency platform Bitvavo has secured a Markets in Crypto-Assets (MiCA) license from the Dutch financial regulator (AFM), authorizing its operations across the European Union under the bloc’s landmark crypto regulations.
CEO Mark Nuvelstijn hailed the approval as a milestone for the exchange, stating: “MiCA’s harmonized framework eliminates regulatory fragmentation – this is exactly what Europe’s crypto sector needs to thrive.”
He emphasized that “consistent enforcement across all 27 member states creates the fair competition that benefits both businesses and consumers.”
The license grants Bitvavo passporting rights to serve EU markets under standardized rules addressing consumer protections, market integrity and innovation facilitation. The exchange now joins a select group of platforms operating under MiCA since its licensing system became active in January 2024.
Chief Risk Officer Jeetan Patel characterized the months-long approval process as “demanding but well-structured,” crediting the AFM’s collaborative approach.
“From compliance upgrades to operational adjustments, we’ve methodically implemented every requirement,” Patel noted, adding that “the regulator’s clarity and responsiveness set an example for efficient supervision.”
