Venga Submits Pre-Application for MiCA License to Ensure Compliant Access to Crypto-Assets

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A Strategic Move Toward EU Regulatory Excellence

Venga, the fast-growing European crypto platform based in Barcelona, has taken a decisive step toward full regulatory compliance by submitting its pre-application for the Markets in Crypto-Assets (MiCA) license. This proactive move underscores Venga’s commitment to operating at the forefront of regulatory standards within the rapidly evolving digital asset landscape.

As the European Union continues to shape a unified framework for crypto-asset regulation, Venga’s early engagement with Spain’s National Securities Market Commission (CNMV) positions the company as a leader in responsible innovation. By initiating the pre-application process, Venga enters an “experimental period” designed to foster collaboration between regulators and applicants—ensuring clarity, alignment, and readiness ahead of the formal evaluation phase.

👉 Discover how leading crypto platforms are preparing for EU compliance and what it means for your digital asset journey.

Why the MiCA Pre-Application Matters

The Markets in Crypto-Assets (MiCA) regulation officially came into force on December 31, 2024, marking a pivotal moment for the crypto industry across Europe. It establishes a harmonized legal framework that governs Crypto-Asset Service Providers (CASPs), bringing much-needed transparency, consumer protection, and market integrity to the sector.

Under MiCA, CASPs operating in EU member states can continue using existing national licenses—such as Spain’s VASP registration—during a transitional period that ends on December 31, 2025. After this date, full MiCA compliance will be mandatory for all firms offering crypto services in the EU.

Venga’s decision to submit its pre-application well ahead of the deadline reflects strategic foresight. The pre-application phase allows companies to:

This collaborative approach significantly reduces the risk of application delays or rejections, ensuring a smoother transition to full licensing.

Leadership Rooted in Compliance

From its inception in 2023, Venga has adopted a compliance-first philosophy. Already registered as a Virtual Asset Service Provider (VASP) in both Spain and Poland, the company has laid a strong foundation for pan-European expansion. Securing the MiCA license will enable Venga to offer its suite of web3 services across all 27 EU member states under a single, unified regulatory umbrella.

Michael Stroev, CEO of Venga, emphasized the company’s long-term vision:

“We have had a compliance-first approach from day one, which has already resulted in Venga successfully obtaining Virtual Asset Service Provider (VASP) registrations in Spain and Poland. The next step is to secure the MiCA license, enabling us to market our services across the entire EU, which will allow more Europeans to discover and access new blockchain innovative products and services through Venga.”

This cross-border scalability is one of MiCA’s most transformative benefits—eliminating fragmented national rules and enabling seamless service provision throughout the EU.

Building Trust Through Robust Internal Frameworks

MiCA doesn’t just mandate licensing—it demands operational excellence. The regulation introduces stricter requirements around anti-money laundering (AML), cybersecurity, investor protection, transparency, and prudential safeguards than most national regimes previously required.

Ana Carolina Oliveira, Venga’s Chief Compliance Officer, highlighted the broader significance of MiCA beyond mere regulatory approval:

“We are committed to ensuring that Venga becomes a leader in regulatory excellence by maintaining robust internal policies and investing in advanced compliance technologies. MiCA is not only about a license. It is about implementing solid internal procedures to ensure strict AML policies, prevent market manipulation, guarantee prudential safeguards and transparency in communication with customers and regulators.”

To meet these elevated standards, Venga is enhancing its risk management systems, audit protocols, and customer disclosure practices—ensuring full alignment with MiCA’s comprehensive governance model.

Empowering EU Citizens with Accessible Web3 Services

At its core, Venga is designed to bridge the gap between mainstream users and the decentralized economy. The mobile app offers EU citizens intuitive access to key web3 functionalities, including:

By simplifying complex blockchain interactions into user-friendly experiences, Venga lowers the barrier to entry for individuals new to digital assets—while maintaining rigorous security and compliance standards.

The successful acquisition of a MiCA license will further strengthen user trust, signaling that Venga operates under one of the world’s most stringent and forward-thinking regulatory frameworks.

👉 See how compliant crypto platforms are reshaping financial access across Europe.

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Frequently Asked Questions (FAQ)

Q: What is MiCA and why does it matter for crypto users in Europe?
A: MiCA (Markets in Crypto-Assets) is the European Union’s comprehensive regulatory framework for digital assets. It ensures consumer protection, market transparency, and operational integrity for crypto platforms. For users, this means safer access to crypto services across all EU countries.

Q: Can Venga operate legally in the EU before receiving its MiCA license?
A: Yes. Under MiCA’s transitional provisions, Venga can continue operating using its existing VASP registrations in Spain and Poland until December 31, 2025, while progressing through the licensing process.

Q: How does MiCA affect cryptocurrency trading and DeFi access?
A: MiCA introduces clear rules for custody, disclosure, and risk management—making platforms more accountable. This increases trust in services like trading and staking while reducing fraud and systemic risks.

Q: Is the MiCA license valid across all EU countries?
A: Yes. Once granted, a MiCA license allows passporting rights—meaning Venga could offer its services across all 27 EU member states without needing separate national approvals.

Q: What happens if a company fails to get MiCA approval by 2025?
A: Firms that do not obtain MiCA authorization by the end of the transitional period must cease operations in the EU. Early applicants like Venga reduce this risk through proactive preparation.

Q: How does Venga ensure user funds are safe during the transition?
A: Venga follows strict AML/KYC procedures, uses cold storage solutions for asset protection, and maintains transparent reporting—all part of its ongoing compliance strategy aligned with MiCA requirements.

👉 Stay ahead of regulatory changes shaping the future of crypto in Europe.

Setting the Standard for Responsible Innovation

Venga’s early submission for the MiCA license is more than a regulatory formality—it’s a statement of intent. In an industry often associated with volatility and uncertainty, Venga is building a future grounded in accountability, transparency, and user empowerment.

By embracing regulation as an enabler rather than a barrier, Venga exemplifies how startups can lead with integrity while driving mass adoption of blockchain technology. As the December 2025 deadline approaches, other CASPs would do well to follow this model of proactive engagement and operational rigor.

For European users, the outcome is clear: greater access to innovative web3 services—delivered through platforms they can trust.