Paybis Lands MiCA and Payment Licenses in Latvia — Here's What That Means for Crypto in Europe
91d ago · 1 source
Crypto exchange Paybis has obtained both a MiCA (Markets in Crypto-Assets) license and a PSD2 payment license in Latvia, positioning itself for broader expansion across the European Union. The dual licensing allows Paybis to offer regulated crypto services and payment processing throughout the EU under a single regulatory framework.
WHY IT MATTERS
Think of MiCA like a universal driver's license for crypto companies operating in Europe. Before MiCA, a crypto exchange would need separate permissions in each European country — like needing a different license to drive in France, Germany, and Spain. Now, with one MiCA license, a company like Paybis can legally offer its services across the entire EU. The PSD2 license is like getting an additional permit that lets them also handle regular money (euros) alongside crypto. For everyday users, this means more regulated, trustworthy options for buying and selling crypto in Europe, with stronger consumer protections backed by law.
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