BitPay reached a crucial regulatory milestone by obtaining the Crypto-Asset Service Provider (CASP) license under the MiCA regulatory framework in the Netherlands. The approval, granted by the Dutch Authority for the Financial Markets (AFM), formally authorizes the company’s European subsidiary to fully operate in the territory. With this compliance endorsement, the processor strategically positions itself to expand its cryptocurrency and stablecoin payment services across the continent.
This event holds key relevance for the sector, as MiCA unifies the rules of the game across the 27 European Union member states under a single supervised standard. By establishing its regulated headquarters in Dutch territory, BitPay successfully eliminates cross-border compliance barriers, making it easier for European corporations and merchants to adopt secure settlements, with a priority focus on expanding transactions with stablecoins such as USDC.
This license represents the ideal infrastructure foundation upon which the processor will deploy its next phase of cross-border growth in the region. The firm’s next step will focus on actively integrating these regulated payment gateways into local merchants and optimizing the user experience within a secure ecosystem.
Source: https://goo.su/8CtLv
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