Bitvavo CEO Mark Nuvelstijn steps down from his role following a report linking him to 'miracle investor' Max R who has been convicted of fraud.
Nuvelstijn will not return to an executive role within Bitvavo and his responsibilities will be temporarily taken over by Johan van Olffen.
The resignation came after concerns were raised about inaccurate transaction details with Max R, leading to a review and revelations of misleading actions by Nuvelstijn.
Bitvavo recently received a MiCA license in the Netherlands, allowing it to offer services across EU member states under a unified regulatory framework.