Nuvei Receives License 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), allowing it to operate within a harmonized regulatory framework for crypto assets across the European Union [1][2]. Group 1: Regulatory Framework - The MiCAR license enables Nuvei to provide regulated crypto-asset services and to passport these services across EU member states under a single regulatory regime, simplifying expansion for merchants and platforms [2][4]. - 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]. Group 2: Business Impact - The authorization allows Nuvei to support both business clients and retail consumers, providing accessible crypto services for retail users and efficient settlement solutions for business customers [5]. - The combined capabilities of the MiCAR and Payment Institution licenses enable Nuvei to facilitate crypto-asset, electronic money tokens (EMT), and fiat-based payment flows through a unified platform [4][5]. Group 3: 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].