Nuvei Gets OK to Offer Crypto Services in EU

Core Insights - Nuvei has received approval to operate under the European Union's new regulatory framework for cryptocurrency, allowing it to offer regulated crypto-asset services throughout the EU [2][4] - The approval includes a Crypto-Asset Service Provider (CASP) license and a Payment Institution license, enabling Nuvei to support crypto-asset, electronic money tokens (EMTs), and fiat-based payment and settlement flows through a unified platform [2][4] Group 1 - The CASP license allows Nuvei to provide services such as crypto storage, administration, transfers, and the exchange of crypto assets into funds, integrated into its global payments infrastructure [3] - This regulatory framework facilitates easier deployment of crypto-enabled payment and settlement capabilities for merchants and platforms across multiple European markets [2] - Nuvei's CEO emphasized that this authorization is a significant milestone in the integration of payments and digital assets, enhancing customer confidence in moving value across different payment systems [4] Group 2 - The emergence of stablecoins is highlighted as a critical layer for B2B transactions, with recent regulations in the U.S. and EU shaping the blockchain infrastructure [5] - There are misconceptions regarding stablecoins, particularly the belief that they can resolve all issues related to cross-border payments, which may not always be the case [6] - The focus should be on identifying where stablecoins can outperform traditional payment systems rather than merely following trends [7]