BIT2ME exploded strongly against the European Regulatory Commission as Bitcoin Exchange (BTC) and cryptocurrency obtained MICA licenses (cryptoactive market regulations) by the Spanish National Securities and Markets Commission (CNMV).
Movement This will be the first Spanish-winning platform to get this approval It opens the door to work throughout Europe’s economic space.
MICA regulations, which came into effect at the end of 2024, aim to unify European Union standards, protect investors and ensure market stability.
«Being the first is a testament to our commitment. According to a statement sent to Cryptootics, Exchange CEO and co-founder Leif Ferreira said:
This permission was established in Spain 10 years ago. It accelerates international expansion and is positioned as a strategic partner in Latin America.
The company focuses on Argentina’s fintech ecosystem, allowing banks and financial companies to integrate European Bitcoin and cryptocurrencies with services in a regulated way, as reported when the banks and financial companies were announced in May.
CFO and Argentina’s expansion leader Pablo Casadio emphasized that the licence opens concrete doors for local businesses to operate alongside international standard suppliers.
The new license will be added to previous registrations at Bank of Spain and Argentina’s CNV, and will integrate investor-backed profiles such as Telefonica Ventures and BBVA.
In addition to BIT2ME, Coinbase obtained its MICA license in June. Become one of the first regulations-compliant exchanges. The approval, granted by the Financial Sector Supervisory Board (CSSF), allows Coinbase to provide Bitcoin-related services and other digital assets to 450 million people in 27 countries.
Meanwhile, Bitcoin ZBD’s reward startup has become the first company to focus on Bitcoin to acquire a MICA license granted by the Dutch Financial Market (AFM). The approval allowed ZBD to expand its digital financial services suite in 27 European Union countries, including Bitcoin storage and Fiat Money exchange.