WHITE TECH, part of the W Group and mostly owned by WhiteBIT founder and CEO Volodymyr Nosovhas received authorization to operate as a crypto-asset service provider (CASP) under the European Union’s Markets in Crypto-Assets (MiCA) regulations, according to information shared with Finbold on Wednesday, April 29.
The license was granted by the Croatian financial regulator, HANFA, and allows WHITE TECH to provide crypto-regulated services in the EU in accordance with the MiCA agreement.
Under the umbrella of the W Group, WHITE TECH operates as a core infrastructure, supporting crypto exchange services, fiat-to-crypto conversion, and crypto-asset transfers for businesses and users.
WHITE TECH official positions within the EU crypto framework
According to the announcement, the MiCA license enables WHITE TECH to provide services including the exchange of crypto-assets for fiat money and other crypto-assets, storage and management of crypto-assets, and crypto-asset transfer services. The company will operate under continuous management supervision, in accordance with MiCA’s requirements regarding governance, risk management, and user protection.
WHITE TECH is one of the first companies in Croatia to receive a license under the MiCA, to enter the EU regime shortly. The system is designed to regulate crypto-assets in all member countries, improve transparency and strengthen confidence in the sector.
The event marks another step in W Group’s European expansion strategy, and reinforces its focus on operating in regulated markets as crypto regulation continues to grow in the EU.
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