Bitvavo, a cryptocurrency exchange, has gained EU-wide approval under the MiCA framework, joining other exchanges like Kraken, Coinbase, and Bybit.
The move was praised by Bitvavo's CEO and chief risk officer for promoting fair competition and demonstrating the firm's commitment to regulatory compliance.
MiCA aims to harmonize crypto oversight in Europe, enhance investor protection, ensure financial stability, and encourage innovation.
With this approval, Bitvavo can expand its services across European markets, focusing on secure trading for both retail and institutional users.