Venga, a multi -purpose encrypted currency app, shared the details of his first file with the European Union organizer. With a mica license that is likely to be accredited, the stock market will be able to provide leading levels in the industry of organizational compliance with its new and current customers.

The European Union encryption app offers Venga Presence

Today, January 29, 2025, ComeThe European encryption application announces that it provided a license to markets in ASSET-ASSETS (MICA). The document was presented to the specialized national authority in Spain, CNMV, which reflects Venga's strategic vision and recognition of the benefits associated with early adoption.

The Preapplication stage "Test period" facilitates companies such as Venga to deal with organizers to receive comments and refine their applications.

This cooperative environment allows applicants to address possible shortcomings before the official evaluation, which reduces the risk of refusing the application and ensuring the smoother transformations of full compliance. By taking these early steps, Venga also reduces the risk of bottlenecks near the deadline in December 2025, ensuring that it is in a good position to secure MICA license in time.

Venga CEO, Michael Struff, highlights that commitment to European legal frameworks is among the higher priorities of his company's strategy:

We had an approach to the first compliance of the first day, which has already led to Venga successfully recording virtual asset service records (VASP) in Spain and Poland. The next step is to secure the MICA license, allowing us to market our services across the entire European Union, which will allow more Europeans to discover new innovative products and services through Venga and reach them through Venga.

Mika officially entered into force on December 31, 2024, as he presented a regulatory framework consistent with the encryption sector throughout the European Union. Under its provisions, CASPS in Spain can work under the current national licenses during a transitional period ending December 31, 2025.

Strict AML checks to improve Web3

Anna Carolina Oliveira, chief compliance employee in Venga, adds that the presentation of the Prevention to the European Union's monitoring body goes beyond merely following the changing rules for the regulation of encryption:

We are committed to ensuring that Venga becomes a pioneer in organizational excellence by maintaining strong internal policies and investing in advanced compliance techniques. Mika is not only about the license. It comes to implementing strong internal procedures to ensure strict AML policies, prevent market treatment, and ensure guarantees of wisdom and transparency in communicating with customers and organizers.

Thanks to the clear UX/UI, strong tools and multi -currency support, Venga helps European digital asset users to deal in safe and cost -effective ways.

It also allows Europeans to take advantage of Web3 services, including decentralized financing (Defi), currency trading and zigzag.