Nuvei Secures MiCAR License to Offer Regulated Crypto Services Across EU
Written by Emily J. Thompson, Senior Investment Analyst
Source: PRnewswire
Updated: 1h ago
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Source: PRnewswire
- Regulatory Authorization: Nuvei has secured a Crypto-Asset Service Provider (CASP) license under the EU's Markets in Crypto-Assets Regulation (MiCAR), positioning itself among the first to operate under this new regulatory framework, significantly enhancing its compliance and competitiveness in the European market.
- Service Expansion: The license enables Nuvei to provide regulated crypto-asset services, including cryptocurrency storage, transfers, and exchanges across the EU, thereby simplifying the deployment of crypto-enabled payment and settlement capabilities for merchants across multiple European markets.
- Payment Integration: In addition to the MiCAR license, Nuvei has obtained a Payment Institution license to support electronic money token (EMT) services, allowing it to unify crypto-asset, EMT, and fiat payment flows through a regulated platform, enhancing payment efficiency for clients.
- Market Impact: This authorization marks a significant milestone in the convergence of payments and digital assets, providing customers with the ability to move value confidently and consistently across crypto and traditional payment rails, which is expected to attract more merchants and consumers to utilize its services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
