Home BitPay Secures Dutch MiCA Licence, Plans To Expand Stablecoin Payments Across Europe

BitPay Secures Dutch MiCA Licence, Plans To Expand Stablecoin Payments Across Europe

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BitPay Secures Dutch MiCA Licence, Plans To Expand Stablecoin Payments Across Europe
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BitPay, a crypto payments company, has received a licence from the Dutch Authority for the Financial Markets (AFM). This licence lets BitPay operate in all European Union countries under the Markets in Crypto-Assets (MiCA) rules.

Now a licensed Crypto-Asset Service Provider (CASP), BitPay can expand its crypto and stablecoin payment services across Europe. The approval comes soon after the EU’s July 1 MiCA deadline, which requires crypto service providers in the region to follow the new regulations.

This licence is a key step for BitPay as Europe works toward unified rules for digital assets. With MiCA, a CASP licence from one EU country allows companies to offer regulated services throughout the European Economic Area, so they do not need separate approvals in each country.

BitPay said the Dutch licence will help it speed up the launch of payment services for both businesses and consumers. The company plans to support more cryptocurrency and stablecoin transactions, meeting the rising demand for faster and cheaper blockchain-based payments.

Jonathan Arler, BitPay’s Head of Europe, called the region one of the company’s top growth markets. He said the new rules give digital payments a stronger base and help businesses feel more confident about using crypto payment solutions.

 

 

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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