BitPay, licensed by the Dutch MICA encryption asset service provider, will expand the stabilization currency payment

On 17 July, the encrypted payment company BitPay announced that it had obtained the approval of the Financial Markets Authority of the Netherlands and had obtained permission from an encrypted asset service provider to operate under the framework of the code for the encrypted asset market in EU member States. BitPay stated that the licence would support the expansion of the company ' s services in Europe, such as encryption payments and stabilization of currency payments. All entities providing encryption-related services are subject to regulation as of 1 July, in accordance with the relevant requirements. According to Jonathan Arler, the European head of BitPay, Europe is one of the most important areas for future development. Prior to that, Ripple had announced that it had obtained a licence from a service provider of encrypted assets issued by the Luxembourg Financial Regulatory Authority。