【Crypto World】The EU has been at the forefront of regulation for crypto assets worldwide, and there are new developments recently. Payment technology provider Nuvei has successfully obtained a Crypto Asset Service Provider (CASP) license under the EU MiCAR framework. What does this mean? In simple terms, they can now offer compliant cryptocurrency services across the entire EU with a single license—including asset custody, transfers, and trading.
Moreover, Nuvei has also obtained a payment institution license, enabling them to handle electronic money token operations. The combination of these two licenses essentially gives them a powerful “passport.” Based on this regulatory clarity, Nuvei can provide businesses and individual users with simpler, more secure crypto payment and settlement solutions, seamlessly integrating into the global payment system. This also reflects that—as long as strict regulatory requirements are met—crypto services can operate as professionally as traditional payment services.
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DecentralizeMe
· 12-20 11:59
Oh wow, the EU is really serious about crypto. A single license across the EU—that's the proper compliance approach.
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Nuvei has obtained two licenses, feels like they've just installed a crypto "chip" into traditional payment systems?
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Breaking through compliance? I think the key is whether it can truly reduce user costs; otherwise, it's just playing with a different name.
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The single licensing system is okay; it's definitely better than the chaos of each country doing its own thing.
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Sounds good, but have you considered how heavy the regulatory costs in the EU are? Small projects simply can't afford to play.
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Wait, does this mean that doing crypto payments in Europe will become relatively easier in the future? When will other regions follow suit?
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More and more players will join under the MiCAR framework; this is just the beginning of a major trend.
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rekt_but_vibing
· 12-20 09:02
The EU is really playing chess with this move; the MiCAR framework is gradually becoming a "passport" for crypto companies.
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Nuvei can dominate the EU with just two licenses? The compliance threshold is so tough, how can small and medium players survive?
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Basically, it's the same logic: the more stringent the regulation, the more likely a real business can survive. The underdog projects have long been dead.
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A single license allows you to operate across the EU, and this efficiency is even faster than some traditional financial institutions. Isn't that ironic?
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Electronic money tokens and crypto assets are all covered. Nuvei's strategy is quite well laid out, but the ceiling is limited.
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Breaking through compliance? I think it's just big companies becoming more "formal," and the space for innovation is being squeezed.
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Two licenses basically mean they've fully understood MiCAR; others are still exploring.
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Since the EU framework was introduced, the ecosystem has indeed become clearer, but the cost is that the threshold has gone from zero to a mountain.
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GasGrillMaster
· 12-18 15:45
This move by the EU is real; obtaining a compliant license is the key, not just talk.
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TokenToaster
· 12-18 06:13
The EU framework here is really much clearer than in the US, at least knowing how to proceed.
Nuvei's dual licensing is very solid, but to be honest, domestic observers still can't see through this move.
MiCAR is indeed promoting compliance, but the question is—will the costs again be sky-high?
Having two licenses stacked sounds attractive, but the real beneficiaries are probably the big players, what about small retail investors?
The EU is really playing a big game; holding two licenses alone makes cross-border operations worry-free, and other trading gains are envious.
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MysteriousZhang
· 12-17 15:09
Wow, these two licenses are so powerful. The EU is really serious about crypto.
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ChainMemeDealer
· 12-17 15:03
The EU's recent move is pretty good; at least the framework is clear. Nuvei obtaining dual licenses shows that crypto can also be "tamed."
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BlockImposter
· 12-17 14:50
Nuvei's move is impressive, obtaining two licenses at once. Although the EU regulatory framework is strict, once approved, it indeed allows for more comfortable operations.
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Under the MiCAR framework, a single license can cover the entire EU? If that really happens, the scale effect could be much better than the fragmented regulation in the US.
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With both a payment license and a crypto license, it feels like the boundaries between traditional finance and the crypto world are really blurring. This is probably the future.
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Being compliant with regulations makes crypto trading possible, easy to say, but how many can actually pass the MiCAR approval? Nuvei has set a good example.
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The EU is tougher than the SEC when it comes to enforcement. I trust Nuvei even more now that they’ve obtained this license—at least they’re not growing wildly without rules.
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Using two licenses as a passport sounds good, but I wonder if there will be more scrutiny or tricks down the line.
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NestedFox
· 12-17 14:45
The EU approach is really top-notch; the path to compliance is becoming clearer and clearer.
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Nuvei is benefiting from the dividends, with a set of licenses forming a combined punch—this is the kind of potential we’re talking about.
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Honestly, having a single license to operate across the entire EU—if I were in their shoes, I’d want the same treatment.
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Strict regulation also has its benefits; at least the ecosystem can survive well, unlike in some chaotic places.
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The passport analogy is brilliant, haha; it really is just like that.
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Custody, transfers, trading—all in one—this kind of layout is impressive.
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The key point remains: truly capable projects are not afraid of regulation at all.
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Seamless integration into the global payment system? That move is a bit aggressive; traditional finance must be panicking.
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FlashLoanKing
· 12-17 14:41
The EU's move this time is really top-notch. Nuvei getting dual licenses and taking off... I've said it before, compliance is the way to go.
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How is it possible to pass the strict MiCAR framework? Nuvei must have spent a lot, but this is the future, brother.
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Wait, can these two licenses really cover the entire EU? Other platforms might be panicking now.
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Honestly, MiCAR is just forcing those rogue platforms to either get compliant or get out. Nuvei's move is pretty clever.
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I just want to know when Asia can have such a clear regulatory framework. It's still a mess here.
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Single license to cover the EU? This efficiency is definitely much better than the US's state-by-state management.
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Haha, it seems the compliant path really works. The folks who said crypto could never be compliant—aren't they feeling embarrassed now?
Payment provider obtains EU crypto license: Compliance breakthrough under the MiCAR framework
【Crypto World】The EU has been at the forefront of regulation for crypto assets worldwide, and there are new developments recently. Payment technology provider Nuvei has successfully obtained a Crypto Asset Service Provider (CASP) license under the EU MiCAR framework. What does this mean? In simple terms, they can now offer compliant cryptocurrency services across the entire EU with a single license—including asset custody, transfers, and trading.
Moreover, Nuvei has also obtained a payment institution license, enabling them to handle electronic money token operations. The combination of these two licenses essentially gives them a powerful “passport.” Based on this regulatory clarity, Nuvei can provide businesses and individual users with simpler, more secure crypto payment and settlement solutions, seamlessly integrating into the global payment system. This also reflects that—as long as strict regulatory requirements are met—crypto services can operate as professionally as traditional payment services.