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Utorg, a crypto wallet and card platform built on institutional-grade infrastructure, has received full authorization under the EU’s Markets in Crypto-Assets (MiCA) regulation, effective July 1, 2026 — the date on which the industry’s transitional period ends and unauthorized providers can no longer legally serve European users.
Utorg, which also provides regulated crypto rails, wallets, and stablecoin infrastructure to businesses across 130+ countries, is among a small number of platforms to have completed the full authorization process. It is now cleared to operate across all 29 EEA member states — a combined market of over 450 million people.
What MiCA Means for Users
MiCA is the EU’s first unified regulatory framework for crypto-assets, establishing binding standards on consumer protection, transparency, and financial integrity across all member states.
 
For users, MiCA authorization introduces concrete protections that previously didn’t exist in crypto: funds must be held separately from company assets, fees must be disclosed upfront, and users have a legal right to file complaints with a national regulator. If a MiCA-authorized platform fails, user assets are protected under EU law — not left to the discretion of an offshore jurisdiction.
For Utorg, the authorization is the result of a full regulatory review of its products, operations, and compliance infrastructure. It also means ongoing oversight: Utorg is now subject to regular reporting obligations and supervisory review under EU financial law.
The Industry Context
July 1, 2026 marks the end of MiCA’s transitional period — the point at which crypto-asset service providers without full authorization can no longer legally serve EEA users. In the months leading up to the deadline, a significant portion of the market has withdrawn from or restricted European operations. Utorg is among the few platforms operational from day one of the new regulatory regime.
“Most of the industry spent the last two years hoping MiCA would get delayed or softened. We spent it building toward it,” said Eugene Petrakov, Co-founder of Utorg. “For European users, July 1 means fewer options, stricter standards, and a much shorter list of platforms they can actually trust. We intend to be at the top of that list — not just because we’re authorized, but because we built a product that is safe by design. The license confirms what was already true.”
Utorg’s Products Available to EEA Residents
From July 1, EEA users can access Utorg’s full product suite through the Utorg App, including:
A crypto wallet supporting buy, send, receive, store, and swap across 170+ cryptocurrencies and 14 blockchains, including BTC, ETH, and SOL. Utorg’s non-custodial design means the company has no access to user funds at any point.
A crypto card accepted at more than 80 million merchants worldwide, with Google Pay and Apple Pay support — with no fees for issuance, maintenance, or top-ups. The card operates under strict AML and KYC compliance requirements as mandated by MiCA, ensuring users benefit from the full protections afforded by EU law.
For card payments specifically, Utorg holds a PCI DSS Level 2 certificate under the Payment Card Industry Data Security Standard — the same security framework used across the traditional payments industry — with compliance verified through regular independent audits.
About Utorg
Founded in 2019, Utorg is a crypto infrastructure and consumer fintech company operating across 130+ countries. It provides regulated on/off-ramp rails, wallet infrastructure, and stablecoin solutions to fintechs, exchanges, digital asset platforms, and other businesses globally. Its consumer app, trusted by more than 2 million users, offers a self-custodial multi-chain wallet and a free Visa crypto card, available on iOS (in July) and Android. Utorg is MiCA-authorized and holds PCI DSS Level 2 certification.
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