Spanish regulator approves Venga's MiCA authorization
2026-07-01 17:53
Odaily Planet Daily News: The Spanish National Securities Market Commission has authorized cryptocurrency platform Venga to operate under the EU's Markets in Crypto-Assets Regulation (MiCA), making it one of the few entities in Spain to receive MiCA approval.
The MiCA transition deadline came into effect on July 1. Digital asset companies that previously operated under national rules must now obtain formal approval under the new framework, or cease providing regulated services within the EU. This authorization allows Venga to offer services across the 27 EU member states under a single regulatory framework.
Michael Stroev, co-founder and CEO of Venga, stated that the MiCA review covers ownership structure, corporate governance, management suitability, risk frameworks, and product infrastructure. Previously, over 3,000 crypto companies in the EU held local virtual asset service provider registrations, but currently, approximately 240 companies have obtained full MiCA authorization, with fewer than 15 approved in Spain.
The MiCA transition deadline came into effect on July 1. Digital asset companies that previously operated under national rules must now obtain formal approval under the new framework, or cease providing regulated services within the EU. This authorization allows Venga to offer services across the 27 EU member states under a single regulatory framework.
Michael Stroev, co-founder and CEO of Venga, stated that the MiCA review covers ownership structure, corporate governance, management suitability, risk frameworks, and product infrastructure. Previously, over 3,000 crypto companies in the EU held local virtual asset service provider registrations, but currently, approximately 240 companies have obtained full MiCA authorization, with fewer than 15 approved in Spain.
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