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Dubai, UAE, July 1, 2026, Chainwire
Outorgcrypto wallet and card platform built on class architecture, today announced that it has received full authorization under the EU Markets in Crypto-Assets (MiCA) legislation, effective July 1, 2026 – the day when the transition period for the industry will end and unauthorized providers will no longer be able to legally serve European users.
The company, which also provides crypto rail regulations, wallets and stablecoin infrastructure for businesses across 130+ countries, and a few other platforms that have completed all the authorization processes and are now ready to operate across all 29 EEA member countries, with a combined market of more than 450 million people.
What does MiCA mean for users?
MiCA is the first unified EU system for crypto-assets, establishing binding principles for consumer protection, transparency, and financial integrity in all member states.
For users, the MiCA license means safeguards that previously did not exist in crypto: funds must be treated separately from company assets, payments must be disclosed in advance, and users have the legal right to file complaints with the national regulator. If MiCA’s official platform fails, users’ assets are protected under EU law (not subject to offshore jurisdictions).
About Outorgthe license is due to a complete review of its products, services, and infrastructure. It also means constant monitoring: Utorg is now obliged to submit regular reports and audits under EU financial rules.
Company history
July 1, 2026 is the end of the MiCA transition period – the time when crypto-asset service providers without a full license can no longer legally serve users in the EEA.
In the months leading up to the deadline, a large part of the market has abandoned or suspended European operations. Outorg it is among the few platforms that have completed full approval and are active from the first day of the new administration.
Eugene Petrakov, Co-founder of Utorg, said: “Many of the companies spent the last two years hoping that MiCA would be delayed or softened.” We used it for construction. For users in Europe, July 1st means fewer options, stricter policies, and a shorter list of platforms to rely on.
Utorg products available for EEA residents
From July 1, EEA users can continue to access all Utorg services through the Utorg App, including:
- A crypto wallet Support buying, sending, receiving, storing, and exchanging on 170+ cryptocurrencies and 14 blockchains, including BTC, ETH, and SOL. Due to its non-cash nature, Utorg does not have access to user funds at any time.
- Crypto card is accepted at 80 million+ merchants worldwide, supported by Google Pay and Apple Pay and allows users to spend their crypto as they wish. It is worth mentioning that there is no charge for the release, maintenance, or extension.
This crypto card operates under strict AML (Anti-Money Laundering) and KYC (Know Your Customer) regulations, as mandated by MiCA, ensuring that users benefit from the full protection provided by EU legislation.
For card payments in particular, Utorg holds PCI DSS Level 2 certification under the Payment Card Industry Data Security Standard. This is the standard used in traditional payment systems, and governs how card numbers, transaction records, and personal information are stored, processed, and transmitted. Compliance is verified by a standard survey by an independent tester.
About Utorg
Established in 2019, Outorg is a crypto infrastructure company and consumer fintech company operating in 130+ countries. They provide managed on/off-ramp rails, wallet infrastructure, and stablecoin solutions to fintechs, exchanges, digital platforms and other businesses around the world. Its consumer app, trusted by more than 2 million users, offers a secure wallet and a free Visa crypto card, available on iOS (in July) and Android. Utorg is MiCA-authorized and has PCI DSS Level 2 certification.
Contact
Price CMO
Andrey
Outorg
(email protected)
