Banxa Holdings Inc., an infrastructure provider for enabling embedded crypto within payment platforms, announced its European entity, EU Internet Ventures B.V (EUIV), received regulatory approval under the European Union's Markets in Crypto Assets (MiCA) framework. The newly acquired licence, granted in the Netherlands, authorises EUIV to operate as a Crypto Asset Service Provider (CASP) - allowing for the "regulated exchange of crypto-assets for funds across 30 European Economic Area (EEA) countries without requiring additional authorisation
Banxa is an Australia-based crypto gateway platform that offers solutions such as payment reconciliation, regulatory compliance, and fraud detection for exchanges and wallets.