What to know:
- Venga wins CNMV approval to operate under the EU’s new MiCA crypto framework.
- Venga MiCa license allows the firm to offer regulated crypto services across Europe.
- MiCA rules require licensed crypto firms to meet reporting and supervision standards.
Venga has secured approval from Spain’s CNMV to operate under the European Union’s MiCA framework. The Barcelona crypto firm announced the authorization on July 1, 2026. The Venga MiCa license allows it to offer regulated crypto-asset services across European markets.
The authorization came from Spain’s Comisión Nacional del Mercado de Valores. It has marked Venga as a Crypto-Asset Service Provider under the EU’s Markets in Crypto-Assets Regulation. The approval provides the firm with a regulatory platform on which to conduct its business in Spain and throughout the region.
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Venga MiCA License Marks Regulatory Milestone
Venga was established in Barcelona in 2023. The company said the approval came after almost two years of work throughout its business. The Venga MiCa license joins other crypto companies to be registered under the new EU rulebook.
Co-founder and CEO Michael Stroev described the approval as a major milestone. The process involved investing in governance, compliance, security, reporting systems, and operations, he said. He also connected the outcome with activities performed throughout the entire organization.
“Obtaining the MiCA license is a major milestone for Venga and the result of nearly two years of work across every area of the business,” said Michael Stroev.
MiCA sets common standards for crypto-asset service providers in the European Union. The rules cover governance, capital adequacy, operational resilience, cybersecurity, risk management, customer protection, and internal controls. They replace earlier systems that varied across national markets and created fragmented oversight.
The Venga MiCa license also opens the way for further expansion in the EU. The company can offer services outside of Spain through the same regulatory regime. That structure can facilitate cross-border expansion without the need for individual national registrations.
MiCA Transition Period Raises Pressure on Crypto Firms
The approvement comes as the MiCA transition period enters its last phase on July 1. Crypto companies previously registered through older national registrations will have to get MiCA authorization. If not, providers may have to cease the provision of regulated services in the EU.
The EU change may impact a number of companies throughout Europe under the new EU regime. Some firms might cease operations, move customers, or exit certain markets. The new system upends the playing field for providers who wish to stay in the game.
What Comes Next After the Venga MiCA License?
Once licensed, providers are still subject to ongoing regulatory requirements. These involve supervisory responsibilities, periodic reporting, annual audits, and review by the national authorities.
Those authorities have standards coordinated by the European Securities and Markets Authority for consistent supervision.
Venga said the authorization confirms its plan to build for Europe’s regulated crypto market. The company is focused on providing a compliant regulated platform to access digital assets for users in Europe. The Venga MiCa license supports services offered in Spanish, Catalan, and English.
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