Bitvavo has become one of the first crypto firms in the Netherlands to fully comply with the EU’s MiCA standards after receiving regulatory approval from the Dutch AFM. The license enables the exchange to operate across all EU member states under the new harmonized regulatory framework, which sets unified rules for custody, trading, stablecoins, and transparency. Bitvavo CEO Mark Nuvelstijn called this a crucial step for market confidence, while CRO Jeetan Patel highlighted the extensive compliance process. MiCA aims to create consistent crypto regulations across the EU, with full compliance required by December 2025. This follows similar approvals for Kraken and Coinbase in other EU jurisdictions.
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0 in Finance and 0 in Crypto last weekBitvavo Secures MiCA License for EU Crypto Services
On June 28, 2025, Bitvavo confirmed receiving a MiCA license from the Dutch Authority for the Financial Markets (AFM), allowing it to operate as a regulated crypto service provider in all 30 European Economic Area (EEA) countries. The approval aligns with the Markets in Crypto-Assets (MiCA) regulation, marking a significant step toward standardized crypto oversight in the EU. Bitvavo’s compliance enhances its credibility and expands its market reach under a unified regulatory framework.
about Bitvavo Secures MiCA License for EU Crypto ServicesBitvavo Secures MiCA License for EU Crypto Operations
Bitvavo, a leading European crypto exchange, has successfully secured a MiCA license from the Dutch Authority for Financial Markets (AFM), marking a significant milestone in its regulatory compliance. The license allows Bitvavo to operate seamlessly across Europe under the standardized MiCA framework, which aims to enhance investor protection, financial stability, and innovation in the crypto market. CEO Mark Nuvelstijn and Chief Risk Officer Jeetan Patel both emphasized the efficiency of the licensing process and the exchange’s full support for MiCA’s principles. With the licensing window opening on January 1, Bitvavo joins a growing list of crypto firms aligning with Europe’s evolving regulatory landscape.
about Bitvavo Secures MiCA License for EU Crypto OperationsGenesis Sues DCG for $3.1B Over Alleged Fraud and Misconduct
Genesis Global has launched two lawsuits against its parent company, Digital Currency Group (DCG), and key executives, including CEO Barry Silbert, accusing them of orchestrating fraudulent transfers and concealing financial risks as Genesis faced collapse. The Delaware Chancery Court complaint alleges DCG used Genesis as an ‘alter ego’ to enrich affiliates while misleading creditors. Genesis seeks over $3.1 billion, including a $1.1 billion promissory note and $1.2 billion in disputed transfers, some involving crypto assets now valued at over $2 billion. The case could redefine creditor rights and parent company liability in crypto, with legal experts suggesting it may ‘pierce the corporate veil.’ Separately, Genesis filed a bankruptcy complaint in New York detailing $1.2 billion in preferential transfers to DCG and insiders before its Chapter 11 filing. The lawsuits follow a $38 million SEC settlement with DCG and former Genesis CEO Michael Moro over misleading investors about exposure to Three Arrows Capital’s collapse.
about Genesis Sues DCG for $3.1B Over Alleged Fraud and MisconductBybit Restores Ethereum Reserve After Major Hack and Theft
Bybit has successfully restored its Ethereum reserve to 1:1 with client assets after a $1.4 billion hack linked to the Lazarus Group. The exchange acquired approximately 446,870 ETH through whale deposits and loans, receiving significant support from various partners. Despite the incident, ETH’s price impact was minimal, with potential for future growth contingent on regulatory and macroeconomic developments.
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