W Group ecosystem strengthens European growth with two MiCA licenses

The W Group ecosystem has bolstered its compliant growth strategy in Europe by securing two key licenses under the Crypto-Asset Markets Regulation (MiCA).

Two companies within the W Group ecosystem have received these crucial licenses: WHITE TECH obtained its MiCA license from the Croatian Financial Services Supervisory Agency (HANFA), and WB-Shield Innovations GmbH, operating as WhiteBIT EU, received authorization from the Austrian Financial Market Authority (FMA).

These regulatory approvals are significant for W Group's expansion plans. The MiCA framework, implemented by the European Union, establishes comprehensive rules for crypto-asset service providers concerning governance, transparency, customer asset protection, and market integrity. The license from HANFA allows WHITE TECH to offer regulated crypto-asset services, including trading, custody, and transfer, while the FMA authorization for WhiteBIT EU enables it to provide these services across the European Economic Area through a dedicated platform, leveraging the passporting approach.

Volodymyr Nosov, Founder and Chairman of W Group, emphasized Europe's central role in the company's long-term vision. "Europe continues to be at the center of WhiteBIT's growth vision," Nosov stated. "Our authorization under MiCA, which offers a strong regulatory framework for digital asset markets, supports our goal of providing a more transparent, secure, and compliance-focused crypto experience to our users in Europe."

Founded in 2018, WhiteBIT operates within the W Group ecosystem and has established partnerships with entities like Visa, FC Barcelona, and Juventus. The company continues to pursue growth in European and other markets with its regulation-focused approach.