Venga secures MiCA license as EU crypto firms face July 1 deadline

Venga has 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 approval places Venga in a small group. Just 244 crypto firms had secured a MiCA license as of May 2026, according to industry data, down from more than 3,000 previously registered under national regimes.

The authorization comes six weeks before the July 1 end of MiCA's transitional period. After that date, firms that still rely on legacy national registrations must either hold a MiCA license or stop providing regulated crypto-asset services inside the European Union. The shift is the first time a major economic bloc has imposed a single set of governance, capital, custody, and reporting standards on crypto firms across all member states.

“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. “Preparing for MiCA required substantial investment in governance, compliance, security, reporting systems, and operational processes.”

The July 1 deadline

The gap between approved and unregistered firms creates a binary event for the European crypto sector. Before MiCA, firms registered separately with each national regulator, with varying standards. The new rules, administered by national authorities under standards coordinated by the European Securities and Markets Authority, require continuous compliance: annual audits, periodic reporting, real-time custody controls, and minimum capital reserves.