Banxa Obtains MiCA License in the Netherlands, Expanding Regulated Digital Assets Services Across Europe

Core Insights - Banxa Holdings Inc. has received regulatory approval for its European entity, EU Internet Ventures B.V (EUIV), under the EU's Markets in Crypto Assets (MiCA) framework, allowing it to operate as a Crypto Asset Service Provider across 30 EEA countries without needing additional authorisation [1][2][3] Regulatory Approval - EUIV has been compliant with MiCA standards since its registration with De Nederlandsche Bank (DNB) in 2020, focusing on anti-money laundering (AML) and counter-terrorist financing (CFT) obligations to protect investors [2] - The MiCA licence represents a significant milestone in Banxa's growth strategy, enhancing its international regulatory presence [3] Business Operations - Banxa serves as an infrastructure provider for embedded crypto, enabling businesses to integrate crypto into their platforms, thus facilitating opportunities in the digital economy [4] - The company operates with Money Transmitter Licences (MTL) in 37 US states, as well as in the UK, Canada, and Australia, indicating a robust regulatory framework [3] Strategic Vision - Banxa aims to create an environment where commerce is predominantly conducted using digital assets, reflecting its commitment to the future of digital finance [5]