Venga wins MiCA approval as EU crypto rules kick in
Barcelona-based Venga has been authorized by Spain’s Comisión Nacional del Mercado de Valores (CNMV) to operate as a Crypto-Asset Service Provider under the European Union’s Markets in Crypto-Assets Regulation (MiCA). Announced on July 1, 2026, the green light puts Venga among a relatively small group of firms already cleared to operate under the bloc’s new, pan‑EU crypto rulebook.
Why this matters
- MiCA replaces a patchwork of national registration regimes with a single regulatory framework governing crypto-asset service providers across the EU. It sets requirements on governance, capital adequacy, operational resilience, cybersecurity, risk management, customer protection and internal controls.
- Authorization provides Venga with passporting rights, meaning it can expand services across EU member states while operating under a single regulatory regime.
- The new regime is a major reset for the European market: a crypto.news report found more than 3,000 crypto firms were registered across the EU before MiCA took effect, but only around 194 had secured MiCA authorization as of May 2026. The narrowing suggests a smaller, more tightly supervised market going forward.
Venga’s path
Founded in Barcelona in 2023, Venga says the MiCA approval caps nearly two years of work across governance, compliance, security, reporting systems and operational processes. “Obtaining the MiCA license is a major milestone for Venga,” co‑founder and CEO Michael Stroev said, noting that authorization required significant investment in systems and controls. He added that the license is not a one‑off achievement: firms will face ongoing supervisory duties including periodic reporting, annual audits and continuous oversight coordinated by the European Securities and Markets Authority (ESMA).
Market implications
- The MiCA transition period ended on July 1, 2026. Companies that relied on prior national registrations must now hold MiCA authorization or stop offering regulated crypto‑asset services within the EU. That may force some providers to suspend services, transfer clients, or exit certain markets.
- The approval process and continuous compliance obligations are accelerating consolidation: firms that meet MiCA standards can continue operating under supervision, while those that don’t will see their ability to serve EU customers curtailed.
What Venga plans next
Venga says the authorization confirms it has structured its business around the regulatory framework that will shape Europe’s crypto landscape. The company plans to offer a regulated platform aimed at making digital assets accessible in Spanish, Catalan and English.
Disclosure: This article does not represent investment advice. The content is for educational purposes only. This content was provided by a third party; neither crypto.news nor the author endorses any product mentioned here. Users should conduct their own research before taking any action.
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