Svmuu News: Cryptocurrency payment company BitPay announced that it has received approval from the Netherlands Authority for the Financial Markets (AFM) to obtain a license as a crypto-asset service provider, allowing it to conduct business in EU member states in accordance with the regulatory framework for crypto-asset markets.
BitPay stated that this license will support the company’s expansion of services such as cryptocurrency payments and stablecoin payments in Europe. Under relevant requirements, all entities providing crypto-related services must be subject to regulation effective July 1.
Jonathan Arler, Head of Europe at BitPay, said that Europe is one of the most important regions for the future development of payments. Previously, Ripple announced that it had obtained a crypto-asset service provider license issued by Luxembourg’s financial regulator.
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BitPay Receives MiCA License as a Crypto Asset Service Provider in the Netherlands and Plans to Expand Stablecoin Payments
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