BitPay B.V. secures MiCA license for EU cryptocurrency and stablecoin payments
AMSTERDAM, July 16. A MiCA license obtained by BitPay B.V. authorizes the Amsterdam-registered entity to provide regulated cryptocurrency and stablecoin payment services across the European Union, the company said Wednesday. BitPay, the Atlanta-based parent, disclosed the authorization in a PRNewswire release. Permitted services include payment processing, cross-border payments, consumer spending, and partner-supported buying, selling, and swapping of digital assets.
AMSTERDAM, July 16. A MiCA license obtained by BitPay B.V. authorizes the Amsterdam-registered entity to provide regulated cryptocurrency and stablecoin payment services across the European Union, the company said Wednesday. BitPay, the Atlanta-based parent, disclosed the authorization in a PRNewswire release. Permitted services include payment processing, cross-border payments, consumer spending, and partner-supported buying, selling, and swapping of digital assets.
Authorized service categories
The four permitted functions split across two layers. Payment processing and cross-border payments address the infrastructure side. Consumer spending and partner-supported buying, selling, and swapping operate at the end-user level, where clients interact directly with digital assets through BitPay's partners.
Stablecoins are explicitly covered under the authorization. The Markets in Crypto-Assets regulation, MiCA, establishes a unified licensing framework across EU member states. A firm licensed under MiCA can extend that status across the bloc without seeking additional country-level approvals.
Atlanta parent, Amsterdam subsidiary
BitPay issued the announcement from two cities: Atlanta, where the parent company is headquartered, and Amsterdam, where BitPay B.V. is registered. BitPay B.V. is the named license holder.
The release did not identify the EU member state that issued the MiCA authorization, did not name a supervising regulator, and disclosed no financial terms.