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Nuvei Gets OK to Offer Crypto Services in EU

Crypto News

Nuvei received approval to operate under the European Union’s new regulatory framework for cryptocurrency.

The Canadian payments got a Crypto-Asset Service Provider (CASP) license under the EU’s Markets in Crypto-Assets Regulation, according to a Wednesday (Dec. 17) press release.

This allows Nuvei to offer regulated crypto-asset services throughout the EU and “passport those services across EU member states under a single regulatory regime,” making it easier for merchants and platforms that want to deploy crypto-enabled payment and settlement capabilities in multiple European markets, the release said.

The license allows Nuvei to offer crypto storage and administration, transfers and the exchange of crypto assets into funds,

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