Banxa Secures Mica License, Expanding Regulated Crypto Services Across Europe, and Provides Update on Going Private Transaction

Core Insights - Banxa Holdings Inc. has secured regulatory approval for the Markets in Crypto Assets (MiCA) license in the Netherlands, enabling it to operate as a regulated crypto asset service provider across the European Union, thereby expanding its global regulatory footprint [1][4][3] Regulatory Developments - The Netherlands has implemented a grandfathering regime allowing eligible crypto-asset service providers to continue operations temporarily without immediate MiCA authorization, with Banxa's subsidiary, EU Internet Ventures B.V., already registered with De Nederlandsche Bank since 2020 [2] - Banxa holds Money Transmitter Licences in 37 U.S. states, along with existing licenses in the UK, Canada, and Australia, reinforcing its commitment to compliant digital asset infrastructure [3] Business Growth and Transactions - The MiCA approval is seen as a significant step in Banxa's global compliance journey, particularly in the European market, which is crucial for digital asset innovation [4] - Banxa is progressing towards completing a plan of arrangement with OSL Group Limited, where the Purchaser will acquire all issued common shares of the Company for cash consideration of C$1.55 per Share [4][5] - As of now, Banxa has received change of control approval for money-transmitter licenses in 26 out of 37 U.S. states, with remaining approvals expected by October 31, 2025 [5] Future Steps - The hearing for the final order to approve the arrangement by the Supreme Court of British Columbia is anticipated to be scheduled soon after the Extraordinary General Meeting of the Purchaser's shareholders on October 22, 2025 [6]