By submitting its pre-application for the Markets in Crypto-Assets (MiCA) license, Venga, the European cryptocurrency app, has taken a proactive move to ensure regulatory compliance with EU laws. Venga’s dedication to upholding the highest standards of industry leadership and regulatory excellence is shown by this action.

Venga’s strategic vision and understanding of the advantages of early adoption are shown in its decision to file a pre-application to Spain’s national responsible body, the CNMV. Companies such as Venga may interact with authorities to get input and improve their applications during the “experimental period” made possible by the pre-application process.

This collaborative setting lowers the possibility of application refusal and ensures more seamless transitions to full compliance by enabling applicants to fix any possible shortcomings prior to official examination. In addition to reducing the possibility of bottlenecks near the December 2025 deadline, Venga’s early actions put it in a strong position to get its MiCA license on time.

On December 31, 2024, MiCA formally went into force, establishing a uniform regulatory framework for the cryptocurrency industry across the European Union. It states that during a transitional period that ends on December 31, 2025, Crypto-Asset Service Providers (CASPs) in Spain may continue to operate under their current national licenses.

Venga’s CEO, Michael Stroev, said:

“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.”

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Compared to current national laws, the MiCA framework has stricter standards. Venga takes advantage of the transitional phase by participating in the pre-application process to establish and improve the internal policies and procedures required to satisfy these new requirements. This proactive strategy guarantees company continuity while facilitating a smooth transition to the MiCA framework.

The MiCA law is meant to promote security and confidence within the sector by bringing uniformity and transparency to the European cryptocurrency market. Venga’s early implementation of the pre-application procedure is a prime example of the progressive tactics required for sustained success in the industry. In addition to safeguarding its future, Venga is establishing a standard for other CASPs negotiating the new regulatory environment by acting pro-actively.

Venga’s Chief Compliance Officer, Ana Carolina Oliveira said:

“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 the communication with customers and the regulators”.

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EU citizens can access web3 services, such as cryptocurrency trading, staking, and decentralized finance (DeFi), through the Venga mobile app. Beginners can easily enter the digital economy and begin using blockchain products thanks to its simplified user interface. Obtaining a MiCA license will improve Venga’s standing as a crypto service that complies with industry standards.​