WHITE TECH, part of W Group and majority-owned by WhiteBIT founder and CEO Volodymyr Nosov, has received authorization to operate as a crypto-asset service provider (CASP) under the European Union’s Markets in Crypto-Assets (MiCA) regulation, according to details shared with Finbold on Wednesday, April 29.
The authorization was granted by Croatia’s financial regulator, HANFA, and allows WHITE TECH to provide regulated crypto services across the EU under MiCA’s unified framework.
Under the W Group umbrella, WHITE TECH operates as a core infrastructure entity, supporting crypto exchange services, fiat-to-crypto conversions, and crypto-asset transfers for businesses and users.
Regulatory clearance positions WHITE TECH within EU’s crypto framework
According to the announcement, the MiCA authorization enables WHITE TECH to offer services including the exchange of crypto-assets for fiat currencies and other crypto-assets, custody and administration of crypto-assets, and crypto-asset transfer services. The company will operate under ongoing regulatory supervision, in line with MiCA requirements covering governance, risk management, and user protection.
WHITE TECH is among the first companies in Croatia to receive authorization under MiCA, to enter the EU’s regulatory regime at an early stage. The framework is designed to standardize crypto-asset regulation across member states, to improve transparency and strengthen trust in the sector.
The milestone marks a further step in W Group’s European expansion strategy, and solidifies its focus on operating within regulated markets as crypto regulation continues to mature across the EU.
Featured image via Shutterstock.
Source: https://finbold.com/white-tech-secures-mica-authorization-as-w-group-expands-to-eu/
