Nuvei Receives EU Crypto-Asset Service Provider License

Nuvei announced that it has received a Crypto-Asset Service Provider, or CASP, license under the European Union's Markets in Crypto-Assets Regulation, or MiCAR, positioning the company among the first 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. 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. In addition to the MiCAR authorization, Nuvei has also obtained a Payment Institution license, enabling services related to electronic money tokens.