Spanish Regulator Approves Venga to Obtain 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, making it one of the few entities in Spain to receive MiCA approval.
The MiCA transitional deadline took effect on July 1. Digital asset companies previously operating 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.
Venga co-founder and CEO Michael Stroev stated that the MiCA review encompasses ownership structure, corporate governance, management suitability, risk frameworks, and product infrastructure. The EU previously had over 3000 crypto companies registered as local virtual asset service providers, but currently, about 240 companies have received full MiCA authorization, with fewer than 15 approved in Spain.
The MiCA transitional deadline took effect on July 1. Digital asset companies previously operating 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.
Venga co-founder and CEO Michael Stroev stated that the MiCA review encompasses ownership structure, corporate governance, management suitability, risk frameworks, and product infrastructure. The EU previously had over 3000 crypto companies registered as local virtual asset service providers, but currently, about 240 companies have received full MiCA authorization, with fewer than 15 approved in Spain.
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