Cryptocurrency payment processor BitPay says it has obtained authorization to operate in the European Union under the Markets in Crypto-Assets (MiCA) framework. BitPay announced on July 16 that the Dutch Authority for the Financial Markets (AFM) approved its application, designating BitPay B.V., its European subsidiary, as an authorized crypto-asset service provider (CASP). The authorization allows the company to operate across the EU in line with MiCA requirements, reflecting the bloc’s regulatory approach to standardized oversight of crypto-asset services.
Cointelegraph additionally reports that BitPay plans to expand its stablecoin payment services following the licensing approval. Across the available coverage, both outlets agree on the regulator involved (the AFM), the legal basis (MiCA), and the status granted (CASP authorization for BitPay B.V.). Neither source provides detailed conditions of the approval in the excerpts provided, nor does it outline specific timelines for expansion beyond BitPay’s stated intention to grow stablecoin-related payments.
