Barcelona’s Venga Secures MiCA License Amid EU Regulatory Overhaul

The approval places Venga among a select group of entities that have successfully navigated the stringent requirements of MiCA. Founded in 2023, the firm spent nearly two years overhauling its internal systems to meet the new EU standards for governance, cybersecurity, and financial reporting. CEO Michael Stroev noted that the process demanded heavy investment in compliance infrastructure, transforming the company’s internal controls to align with the bloc's harmonized oversight.

This licensing provides Venga with a passporting mechanism, allowing the firm to scale its services across the European Union under a single regulatory umbrella. The shift arrives at a critical juncture for the industry; as the transition period concludes, companies relying on legacy national registrations must now hold full MiCA authorization or face the prospect of suspending operations. While over 3,000 firms previously operated across the EU, data indicates that only a fraction have secured the necessary approval to continue, signaling a significant consolidation of the European digital asset landscape.