Bit2Me has become the first cryptocurrency platform in Spain to obtain authorization from the CNMV (National Market Commission) in accordance with the European Markets in Crypto-Assets Regulation (MiCA).
Bit2Me is active in over 100 countries, with a team of over 200 professionals. With this approval, Bit2Me becomes the second entity authorized by the CNMV under the MiCA, following BBVA, which obtained approval as a bank.
The European Markets in Crypto-Assets Regulation
The European Markets in Crypto-Assets Regulation, better known as MiCA, was approved by the European Council on May 16, 2023, and entered into full force on December 30, 2024. The text establishes a single regulatory framework for Crypto-Asset Service Providers (CASPs) in the European Union.
The regulation covers various categories of crypto-assets, including asset-linked tokens, e-money tokens, and utility tokens. Among the key innovations introduced by MiCA are greater legal certainty for a sector previously unregulated at the EU level, the promotion of fair competition, more effective consumer and investor protection, and a growing focus on the environmental sustainability of cryptocurrency-related activities – an increasingly central topic in international debate.
Bit2Me and MiCA Compliance
Leif Ferreira, CEO and co-founder of Bit2Me, expressed satisfaction with the result achieved, emphasizing the company’s commitment to transparency, security, and full regulatory compliance.
Already in 2022, Bit2Me was the first Spanish company to register with the Bank of Spain as a provider of virtual currency/fiat currency exchange services, as well as an electronic wallet custodian – a step that already required high standards in terms of integrity and anti-money laundering regulations.
