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Spanish regulator approves Venga for MiCA authorization

MeNews
ME News, July 2 (UTC+8), the Spanish National Securities Market Commission has authorized cryptocurrency platform Venga to operate under the European Union's Markets in Crypto-Assets Regulation, making it one of the few entities in Spain to receive MiCA approval. The MiCA transition deadline took effect on July 1, and digital asset companies previously operating under national rules must obtain formal approval under the new regime or cease providing regulated services in the EU. The authorization allows Venga to offer services across the 27 EU member states based on a single regulatory framework. Venga co-founder and CEO Michael Stroev said that the MiCA review covers ownership structure, corporate governance, management suitability, risk frameworks, and product infrastructure. The EU previously had over 3,000 crypto companies registered as local virtual asset service providers, but currently about 240 companies have received full MiCA authorization, with fewer than 15 approved in Spain. (Source: ODAILY)
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