BitPay's Dutch subsidiary won a MiCA crypto-asset license from the AFM, granting passporting rights across 27 EU states for payment acceptance, stablecoin transactions, and cross-border settlement.
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BitPay has secured authorization under the European Union's Markets in Crypto-Assets framework, letting the payments firm offer regulated digital asset services across the bloc through its Dutch subsidiary.
BitPay B.V. received a crypto-asset service provider license from the Dutch Authority for the Financial Markets, the company said in a press release. The approval triggers passporting rights across all 27 EU member states plus Iceland, Liechtenstein, and Norway.
The license covers cryptocurrency payment acceptance, stablecoin-based transactions, and cross-border settlement for businesses. Consumers get tools for spending and managing digital assets. Partner platforms can support buying, selling, and swapping cryptocurrencies.
Thom de Jong, BitPay's chief compliance officer for Europe, said the authorization strengthens the company's ability to serve businesses and consumers throughout the EU while reinforcing its compliance approach. He called MiCA a common regulatory framework for responsible digital asset innovation.
BitPay joins a growing list of crypto companies that secured MiCA authorization after the EU's July 1 deadline. Ripple received full CASP approval from Luxembourg's regulator earlier this month after preliminary approval in June. Coinbase also picked Luxembourg as its European regulatory base.
Not every firm finished the licensing process on time. Binance withdrew its Greek license application and began limiting services in several European markets after the transition period ended.
Bruna Szego, chair of the EU Authority for Anti-Money Laundering and Countering the Financing of Terrorism, has warned that firms onboarding large numbers of new customers must maintain effective anti-money laundering controls while handling increased demand.
From its Amsterdam base, BitPay said it plans to support merchants, partners, and consumers as demand for regulated digital asset payments grows.
"Europe is one of the most important regions for the future of payments," said Jonathan Arler, head of Europe at BitPay. "From Amsterdam, BitPay is now positioned to support merchants, partners, and consumers as demand grows for practical ways to accept, move, manage, and spend digital assets."
The company said the authorization expands its global regulatory footprint, which already includes money transmitter licenses in multiple jurisdictions.
Founded in 2011, BitPay said the MiCA authorization represents the next stage of its European operations. The company also plans to invest further in regional infrastructure and strategic partnerships.
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