Nuvei (NVEI) announced it received a Crypto-Asset Service Provider (CASP) license under the EU MiCAR framework on Dec 17, 2025, making it among the first firms authorized to operate under the new regulation. The MiCAR license allows Nuvei to provide regulated crypto-asset services and to passport those services across EU member states under a single regime.
Nuvei also obtained a Payment Institution license for electronic money tokens (EMTs). Combined, the authorizations cover cryptocurrency storage, transfers, exchange into funds, and unified crypto/EMT/fiat settlement capabilities aimed at simplifying compliant crypto payments and cross-border scaling for merchants and retail users.
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MiCAR CASP license received on Dec 17, 2025
EU passporting for crypto services across member states
Regulated crypto-to-fiat and fiat-to-crypto settlement capabilities
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None.
Market Context
This announcement highlights Nuvei obtaining MiCAR and Payment Institution licenses, enabling regula...
Analysis
This announcement highlights Nuvei obtaining MiCAR and Payment Institution licenses, enabling regulated crypto-asset and EMT services across EU member states under a single framework. With shares at 33.99, near a 52-week high of 34, and volume 2.76x the 20-day average, investors may focus on how effectively Nuvei scales these offerings, manages evolving regulation, and integrates crypto, EMT, and fiat flows into its broader payments platform.
Key Terms
markets in crypto-assets regulation (micar), crypto-asset service provider (casp), payment institution license, electronic money tokens (emts), +1 more
5 terms
markets in crypto-assets regulation (micar)regulatory
"received a Crypto-Asset Service Provider (CASP) license under the European Union's Markets in Crypto-Assets Regulation (MiCAR)"
MiCAR is a comprehensive regulatory framework that sets common rules for creating, offering and trading crypto-assets and for the firms that provide crypto services, much like traffic laws that organize how vehicles, signs and lanes operate on a road. It matters to investors because it seeks to reduce fraud and confusion by requiring clearer information, oversight and accountability from platforms and issuers, which can lower risk and make investment choices more reliable.
crypto-asset service provider (casp)regulatory
"received a Crypto-Asset Service Provider (CASP) license under the European Union's Markets in Crypto-Assets Regulation"
A crypto-asset service provider (CASP) is a firm that offers services around digital tokens or cryptocurrencies—like buying and selling, safekeeping (custody), moving funds, or giving trading and advisory access—think of it as a bank or broker for digital money. It matters to investors because the CASP’s security, controls, and regulatory standing affect whether your holdings are safe, how easily you can trade them, and the legal protections and risks you face with that provider.
payment institution licenseregulatory
"In addition to the MiCAR authorization, Nuvei has also obtained a Payment Institution license"
A payment institution license is an official permit from regulators that lets a business move, process, or store other people’s money and offer services like transfers, card payments, or digital wallets. Think of it as a driver’s license for handling payments: it signals that the company meets rules for safety, capital and fraud controls. For investors, the license reduces legal and operational risk, enables growth in payment revenue, and affects compliance costs and customer trust.
electronic money tokens (emts)regulatory
"Payment Institution license, enabling services related to electronic money tokens (EMTs)"
Electronic money tokens (EMTs) are digital tokens that represent a specific amount of traditional fiat currency and are issued, held, and transferred electronically, often using distributed ledger technology. They matter to investors because they combine the convenience of digital cash with the regulatory protections and price stability of fiat; risks and opportunities hinge on issuer solvency, custody, liquidity and applicable regulation, much like choosing a bank account versus holding cash at home.
blockchain-basedtechnical
"transparent, blockchain-based movement of funds, fully integrated into broader payment"
"Blockchain-based" describes systems or technologies that rely on a digital ledger shared across many computers to record and verify transactions securely and transparently. Imagine a shared spreadsheet that everyone can see and update, but once a change is made, it cannot be altered without everyone’s agreement. This approach helps ensure trust and security without needing a central authority, which can be important for investors seeking reliable and tamper-proof record-keeping.
MiCAR authorization enables Nuvei to deliver regulated crypto-asset services and passport them across the European Union
MONTREAL, Dec. 17, 2025 /PRNewswire/ -- Nuvei today announced that it has received a Crypto-Asset Service Provider (CASP) license under the European Union's Markets in Crypto-Assets Regulation (MiCAR), positioning the company among the first to operate under the EU's new, harmonized regulatory framework for crypto assets.
The MiCAR license enables Nuvei to provide regulated crypto-asset services across the European Union and passport those services across EU member states under a single regulatory regime. This significantly simplifies expansion for merchants and platforms seeking to deploy crypto-enabled payment and settlement capabilities across multiple European markets.
Under the license, Nuvei can offer regulated crypto-asset services including cryptocurrency storage and administration, transfers, and the exchange of crypto-assets into funds, integrated into its broader global payments infrastructure.
"This authorization marks an important milestone in the convergence of payments and digital assets," said Phil Fayer, Chair and CEO of Nuvei. "MiCAR brings long-needed regulatory clarity to Europe. Operating under this framework allows us to help customers move value across crypto and traditional payment rails with confidence, consistency, and scale."
In addition to the MiCAR authorization, Nuvei has also obtained a Payment Institution license, enabling services related to electronic money tokens (EMTs). Together, these authorizations allow Nuvei to support crypto-asset, EMT, and fiat-based payment and settlement flows through a unified, regulated platform.
For customers, the combined capabilities mean:
Simplified access to crypto payments across Europe
Compliant fiat-to-crypto and crypto-to-fiat flows
Faster, more transparent settlement options
Reduced regulatory and operational complexity when scaling across EU markets
With these licenses, Nuvei will serve both business clients and retail consumers. Retail users will have access to simple and accessible crypto services, while business customers will benefit from solutions designed to support efficient settlements, crypto acceptance, and transparent, blockchain-based movement of funds, fully integrated into broader payment, payout, and treasury workflows.
About Nuvei
Nuvei is building the infrastructure for every payment, everywhere. Its modular, flexible, and scalable technology enables leading companies to accept next-generation payments, offer all payout options, and benefit from card issuing, banking, risk, and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 50 markets, 150 currencies, and over 720 alternative payment methods, Nuvei provides the technology and insights that help customers and partners succeed locally and globally through one integration.
