Nuvei Among the First Companies Licensed Under EU MiCAR

Core Insights - Nuvei has received a Crypto-Asset Service Provider (CASP) license under the EU's Markets in Crypto-Assets Regulation (MiCAR), positioning it among the first companies to operate under this new regulatory framework for crypto assets [1][2] Group 1: Regulatory Framework - The MiCAR license allows Nuvei to provide regulated crypto-asset services across the European Union and to passport these services across EU member states under a single regulatory regime, simplifying expansion for merchants and platforms [2][4] - This authorization brings much-needed regulatory clarity to Europe, enabling Nuvei to assist customers in moving value across crypto and traditional payment systems with confidence and scale [4] Group 2: Service Offerings - Under the MiCAR license, Nuvei can offer services such as cryptocurrency storage, administration, transfers, and the exchange of crypto-assets into funds, integrated into its global payments infrastructure [3][4] - Nuvei has also obtained a Payment Institution license, allowing it to support electronic money tokens (EMTs), thereby enabling a unified platform for crypto-asset, EMT, and fiat-based payment and settlement flows [4] Group 3: Customer Benefits - The combined capabilities of these licenses will serve both business clients and retail consumers, providing retail users with accessible crypto services and business customers with solutions for efficient settlements and transparent, blockchain-based fund movement [5] - This integration into broader payment, payout, and treasury workflows enhances the overall efficiency and transparency of transactions for customers [5] Group 4: Company Overview - Nuvei is focused on building infrastructure for payments globally, offering modular and scalable technology that supports next-generation payments, card issuing, banking, risk, and fraud management services [6] - The company connects businesses to customers in over 200 markets, with local acquiring in 50 markets, 150 currencies, and more than 720 alternative payment methods [6]