In accordance with Blockchainreporter, the European Union has issued 53 licenses under its Markets in Crypto-Assets Regulation (MiCA), including one to London-based trading platform Byrrgis. The approval comes ahead of Byrrgis' planned launch on January 15, 2026. MiCA replaces fragmented national regulations with a unified framework, allowing licensed platforms to operate across the EU. Byrrgis CEO Siraaj Ahmed emphasized the platform’s commitment to compliance and user freedom. The MiCA license requires platforms to meet strict capital, governance, and consumer protection standards. Byrrgis also plans to pursue a CASP Level 3 certification, which covers full trading operations and requires a minimum €150,000 in capital. The platform offers automated portfolio rebalancing and institutional-grade tools under regulatory oversight.
Byrrgis Secures EU MiCA License Ahead of 2026 Launch
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Summary
Byrrgis has received a MiCA license from the EU ahead of its 2026 launch. The London-based platform will operate under the Markets in Crypto-Assets Regulation, which enforces strict compliance, including Countering the Financing of Terrorism measures. MiCA replaces national rules with a unified framework, enabling cross-EU operations. Byrrgis CEO Siraaj Ahmed highlighted the firm’s focus on compliance and user freedom. The platform must meet capital, governance, and consumer protection standards. It also plans to pursue CASP Level 3 certification, requiring €150,000 in capital. Byrrgis offers automated rebalancing and institutional tools under regulatory oversight.
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