ChainCatcher report: Spain’s National Securities Market Commission has authorized the crypto platform Venga to operate under the EU’s Markets in Crypto-Assets Regulation (MiCA), making it one of the few entities in Spain to receive MiCA approval. The MiCA transition period took effect on July 1, requiring digital asset companies previously operating under national rules to obtain formal authorization under the new regime or cease providing regulated services in the EU. This authorization permits Venga to offer services across the 27-member EU market under a single regulatory framework. Michael Stroev, co-founder and CEO of Venga, stated that the MiCA review covered ownership structure, corporate governance, management fitness, risk frameworks, and product infrastructure. Prior to MiCA, over 3,000 crypto companies held local registrations as virtual asset service providers; currently, approximately 240 companies have received full MiCA authorization, with fewer than 15 approved in Spain.
Spanish regulator approves Venga for MiCA authorization
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Summary
Spain’s National Securities Market Commission has granted MiCA (EU Markets in Crypto-Assets Regulation) authorization to the crypto platform Venga, making it one of only a few in the country to meet the new EU standards. The MiCA transition period began on July 1, requiring firms to comply with the unified framework or exit the market. Venga can now operate across all 27 EU member states under a single license. The approval process included a review of ownership, governance, and CFT (Countering the Financing of Terrorism) measures. Only around 240 firms in the EU have obtained full MiCA authorization, with fewer than 15 in Spain.
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