Backpack EU Secures MiCA and PI Licenses from Latvia for EU Expansion
2026-07-01 21:10

Woofun AI reports that Backpack EU has obtained Markets in Crypto-Assets (MiCA) and Payment Institution licenses from the Central Bank of Latvia. This acquisition complements the entity's existing MiFID II license, creating a comprehensive regulatory framework for its European operations. The combined approvals allow Backpack EU to passport services across all 27 EU member states, facilitating integrated crypto trading, fiat processing, and brokerage activities under unified oversight.

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