Banxa Holdings Inc., an infrastructure provider for enabling embedded crypto within payment platforms, announced its European entity, EU Internet Ventures B.V (EUIV), received regulatory approval under the European Union’s Markets in Crypto Assets (MiCA) framework. The newly acquired licence, granted in the Netherlands, authorises EUIV to operate as a Crypto Asset Service Provider (CASP) – allowing for the “regulated exchange of crypto-assets for funds across 30 European Economic Area (EEA) countries without requiring additional authorisation in each jurisdiction.”
To ensure a transition to MiCA, a “grandfathering regime” was implemented in the Netherlands.
EUIV has been operating under a De Nederlandsche Bank (DNB) registration since 2020.
It has been aligning with all MiCA standards, including anti-money laundering (AML) and counter-terrorist financing (CFT) obligations, to ensure adequate investor protection.
Adrià Hernández Romero, Chief Risk Officer at EUIV said they see regulation and innovaiton working together to support sustainable growth of digital finance.
This approval strengthens Banxa’s established international regulatory footprint.
In the US, the group holds Money Transmitter Licences (MTL) in 37 states, as well as licences in the UK, Canada, and Australia.
The addition of the MiCA licence marks the next phase of growth and development for the Banxa group, supporting its ongoing commitment to delivering digital assets infrastructure.
Holger Arians, Co-Founder and Co-CEO, at Banxa called the MiCA approval a major step forward.
As covered, Banxa is the infrastructure provider for enabling embedded crypto – empowering businesses to embed crypto into platforms and unlocking opportunities in the digital economy.
Via a network of global and local payment solutions and regulatory licences, Banxa helps businesses enable integration of crypto and fiat for global audiences with competitive fees and greater conversion rates.
Headquartered in the US, Europe, and Asia-Pacific, the Banxa team claims that it is building for an environment where commerce is run on digital assets.