Nuvei Receives Crypto-Asset Service Provider License from EU

Nuvei announced that it has received a Crypto-Asset Service Provider license under the European Union's Markets in Crypto-Assets Regulation, positioning the company to operate under the EU's new, harmonized regulatory framework for crypto assets. The MiCAR license enables Nuvei to provide regulated crypto-asset services across the European Union and passport those services across EU member states under a single regulatory regime. This significantly simplifies expansion for merchants and platforms seeking to deploy crypto-enabled payment and settlement capabilities across multiple European markets. Under the license, Nuvei can offer regulated crypto-asset services including cryptocurrency storage and administration, transfers, and the exchange of crypto-assets into funds, integrated into its broader global payments infrastructure.