The Spanish encryption company Venga disclosed that it had been approved by the Spanish National Securities Market Commission (CNMV) to operate as a service provider for encrypted assets under the EU Regulation on the Regulation of Encrypted Assets Markets (MiCA). This means that the company can provide regulated encryption services under the EU uniform regulatory framework and open the way for subsequent cross-border expansion.

May be developed within the framework of EU harmonization

Venga is based in Barcelona and was established in 2023. According to the company, this approval has been prepared for almost two years, covering several aspects of governance, compliance, security, reporting systems and business processes.

MiCA is the EU ' s harmonized regulatory framework for the encrypted asset industry, covering corporate governance, capital requirements, business resilience, cybersecurity, risk management, customer protection and internal controls. When authorized, Venga may operate not only in Spain, but also extend its services to other EU markets through the “passport mechanism”.

1 July

The European encryption market is entering a new regulatory phase. July 1 is an important point in the MiCA transition. The platform that previously relied on the old registration systems of member States would not have been able to continue to provide regulated encrypted asset services in the EU without the authorization of the MiCA.

This means that some companies may need to suspend their operations, transfer their customers or withdraw from some European markets. The implementation of the MiCA is also moving the European encryption industry from a decentralized registration model to a uniform access and continuous regulation model.

The number of approved institutions remains limited

The industry data show that, prior to the entry into force of the MiCA, over 3000 encryption companies had been registered within the EU. But by May 2026, about 194 companies had been authorized by the MiCA.

This gap shows that under the new regulations, the number of truly licensed market participants is significantly lower and the integration of the European encryption industry is accelerating. Platforms that meet the MiCA standards will operate under continuous supervision; unapproved institutions face capacity constraints to service EU clients.

We still need to keep it under control.

The company disclosed that access to the MiCA authorization did not imply an end to the regulatory obligation. There is still a need for continuing regulatory requirements by licensed institutions, including regular reports, annual audits and oversight by domestic regulatory bodies. The criteria will also be consistent with the coordination requirements of the European Securities and Markets Authority (ESMA).

For users, MiCA has also changed the way it evaluates the platform. Users can verify that the Platform has a formal mandate under the EU framework to judge whether they need to comply with the corresponding customer protection and disclosure requirements.

Additional information:Venga indicates that the platform currently provides services in Spanish, Catalan and English.