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Venga obtains a MiCA license from Spain’s CNMV, which lets the Barcelona crypto firm operate under the EU’s new regulatory framework.
Summary
- Venga secures MiCA authorization from Spain’s CNMV before Europe’s crypto transition period reaches its deadline.
- MiCA requires crypto providers to meet stronger standards for governance, security, reporting, and customer protection.
- Industry data cited shows only about 194 firms secured MiCA approval by May 2026 overall.
Venga has received authorization from Spain’s Comisión Nacional del Mercado de Valores to operate as a Crypto-Asset Service Provider under the European Union’s Markets in Crypto-Assets Regulation. The Barcelona-based company announced the approval on July 1, 2026. The Venga MiCA license allows the firm to provide regulated crypto-asset services under the EU’s new framework.
Venga MiCA license marks regulatory milestone
The authorization places Venga among a limited group of crypto firms approved under MiCA. The company, founded in Barcelona in 2023, said the approval follows nearly two years of work across its business.
“Obtaining the MiCA license is a major milestone for Venga and the result of nearly two years of work across every area of the business,” said Michael Stroev, co-founder and CEO of Venga. He said the process required investment in governance, compliance, security, reporting systems, and operational processes.
Spain’s CNMV granted the authorization as the European crypto market moves into a new phase of oversight. MiCA sets common rules for crypto-asset service providers. These rules cover governance, capital adequacy, operational resilience, cybersecurity, risk management, customer protection, and internal controls.
The license also gives Venga a route to passport its services across the European Union. The company can expand beyond Spain while operating under one regulatory framework.
MiCA authorization changes market standards
MiCA represents a broad regulatory reset for crypto assets in the European Union. The framework moves the sector away from earlier national registration systems. It requires companies to meet operating and supervision standards.
The transition period is ending on July 1. Crypto companies that relied on older national registrations must secure MiCA authorization or stop offering regulated crypto-asset services within the European Union. The change may force some providers to suspend activities, transfer clients, or leave certain European markets.
A report by crypto.news showed that more than 3,000 crypto firms were registered across the European Union before MiCA took effect. About 194 firms had secured MiCA authorization as of May 2026. That gap points to a smaller authorized market under the new rules.
The approval comes during consolidation in the European crypto sector. Firms that meet MiCA standards can operate under ongoing supervision. Firms that do not receive approval face limits on their ability to serve EU customers.
oversight expands for crypto-asset service providers
Authorized providers under MiCA face continuous regulatory duties. These include supervisory obligations, periodic reporting, annual audits, and oversight by national authorities. Those authorities apply standards coordinated by the European Securities and Markets Authority.
“For users, MiCA introduces a level of regulatory accountability that has not previously existed across much of the European crypto sector,” Stroev said. He added that authorization is not a one-time event and that licensed firms must continue to meet operational, financial, and customer protection requirements.
The new structure may change how users assess crypto platforms. Under MiCA, users can check whether a provider has authorization under the EU framework. That status shows whether the firm must follow the required safeguards and reporting rules.
Venga said the authorization confirms that it has built its business for the regulatory framework that will define the future of crypto services in Europe. The company aims to make digital assets accessible through a regulated platform available in Spanish, Catalan, and English.
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