What Your Business Needs to Do Next
The right starting point depends on where your business sits today.
If you are a wallet, exchange, or app serving EU users through a Banxa integration, your fiat on-ramp is covered. The priority is making sure your own platform services are either genuinely outside MiCA scope or properly authorised. You should also audit your stablecoin offering and remove any non-compliant assets from EU user flows.
If you are currently operating under a national transitional period, confirm your jurisdiction’s exact deadline using the ESMA grandfathering list linked in the resources section below. Do not assume 1 July 2026 applies to you.
If you are a non-EU business planning to enter or expand into the EU market, you will need a CASP authorisation from an EU member state before you can serve EU users with regulated services. One important point here: MiCA’s reverse solicitation exemption is narrow and ESMA has published guidelines making clear that the exemption applies only where the EU client initiates contact entirely on their own initiative, and it cannot be used as a structural workaround for operating in the EU without a licence. If your go-to-market relies on that exemption, review those guidelines carefully with legal counsel before proceeding.
Regardless of your scenario, the following applies to everyone:
Confirm your transitional status using the ESMA jurisdiction-by-jurisdiction grandfathering list.
Get a qualified legal opinion on whether your services fall within MiCA’s CASP definition.
Remove non-compliant stablecoins from EU user flows. Cross-reference the ESMA Interim MiCA Register EMT issuer list to verify which tokens hold current authorisation.
Verify every third-party provider handling regulated services on your behalf against the ESMA Interim MiCA Register, which lists both authorised CASPs and non-compliant entities. This is a practical due diligence step your compliance team can action today.
Assign someone internally to track ESMA guidance and national regulator updates. Technical standards and supplementary guidance will continue to be published through 2026.
All registers and lists mentioned above are linked in the resources below.
What Banxa‘s MiCA Licence Means in Practice
In October 2025, Banxa received CASP authorisation under MiCA from the Autoriteit Financiële Markten (AFM) in the Netherlands. This single licence covers all 30 EEA countries, including every EU member state plus Iceland, Liechtenstein, and Norway, without requiring separate authorisation in each jurisdiction. For merchants, one integration covers the full European market.
Banxa has operated under Dutch regulatory oversight since 2020, registering with De Nederlandsche Bank (DNB) under the national regime before transitioning through the Netherlands grandfathering process to full MiCA authorisation. Banxa’s compliance infrastructure, consisting of AML, CFT, investor protection controls, was already aligned with Dutch standards before the AFM application was filed. The AFM’s licensing process is thorough, and obtaining approval reflects years of regulatory groundwork, not a last-minute application.
For merchants and partners, here is what that translates to in practice.
More payment options, better coverage
Being a licensed CASP is a prerequisite for working with regulated EU payment infrastructure. Banxa’s AFM authorisation is what enables EU users specifically to pay via PayPal and Klarna, regulated payment providers that require their partners to meet EU compliance standards. Banxa also supports SEPA transfers, local bank transfers, and regional payment rails across European markets. The result is broader payment coverage for your users and fewer drop-offs at the point of purchase, with lower fees and higher conversion rates than unlicensed alternatives can deliver.
Compliant onboarding from day one
Every transaction processed through Banxa is handled by a MiCA-authorised CASP. KYC, AML, transaction monitoring, and regulatory reporting sit with Banxa. Your users receive a regulated, accountable experience, and your platform does not inherit the compliance risk that comes with using an unlicensed provider.
One integration, 30 markets
Banxa’s MiCA passport covers all 30 EEA countries. No per-country applications, no legal gaps, no jurisdictions where your users cannot complete a purchase because your provider is not authorised to operate there.
A standard that your institutional partners are already screening for
The
ESMA Interim MiCA Register is public. Exchanges, custodians, and financial infrastructure providers are already filtering their partner stacks for MiCA-compliant providers. Banxa’s authorisation is verifiable on that register. Integrating Banxa means your product meets a compliance standard that a significant portion of the market is still working toward.
Want to Learn More?
If you have questions about how MiCA affects your specific integration, or need documentation of Banxa’s regulatory status for your compliance review, reach out to your account manager or contact us at [link].
We do not provide legal advice, but we can provide factual documentation of our licence scope and regulatory standing to support your own assessment process.
Official Resources
Regulation and primary legislation
ESMA
EBA
AFM
European Commission
Banxa
This post is for informational purposes only and does not constitute legal or regulatory advice. Banxa recommends consulting EU-qualified legal counsel for advice specific to your business and jurisdiction.
