Europe’s Crypto Reset Is Underway as Venga Joins the First Wave of MiCA-Approved Firms

TL;DR

Europe’s Markets in Crypto-Assets Regulation (MiCA) has replaced fragmented national rules with a single EU-wide licensing system. Of 3,000+ previously registered firms, only 244 had secured authorization by May 2026. Barcelona-based Venga is among them, earning CASP status from Spain’s CNMV and unlocking passporting across all 27 member states.

Europe’s crypto industry has entered a new regulatory era.

After years of operating under a patchwork of national registration regimes, crypto companies across the European Union are now facing a single regulatory framework under the Markets in Crypto-Assets Regulation (MiCA). The transition marks one of the biggest structural changes the industry has seen, replacing fragmented local rules with a harmonized licensing system designed to raise standards across the bloc.

The impact is already becoming clear.

While more than 3,000 crypto companies had been registered across the European Union before MiCA’s implementation, only around 244 firms had secured authorization by May...

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