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Venga Gets MiCA License as Europe's Crypto Rules Tighten
Venga's MiCA authorization from Spain's CNMV lets it operate across the EU. The July 1 deadline means many firms without approval face exit.
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Venga received authorization from Spain’s Comisión Nacional del Mercado de Valores to operate as a Crypto-Asset Service Provider under the European Union’s Markets in Crypto-Assets Regulation. The Barcelona-based company announced the approval on July 1, 2026.
The license places Venga among a small group of crypto firms approved under MiCA. The company, founded in 2023, said the approval followed nearly two years of work.
“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, co-founder and CEO of Venga. He said the process required investment in governance, compliance, security, reporting systems, and operational processes.
The authorization gives Venga a passport to offer services across the European Union under a single set of rules. MiCA requires firms to meet standards for governance, capital adequacy, cybersecurity, and customer protection. National authorities enforce those standards, coordinated by the European Securities and Markets Authority.
The approval arrives as the transition period ends on July 1. Crypto companies that relied on older national registrations must secure MiCA authorization or stop offering regulated services in the EU. The change may force some providers to suspend activities, transfer clients, or leave certain markets.