Paybis joins a small club of MiCA and PSD licensed crypto platforms.  

As of this week, Paybis is authorised as a Crypto Asset Service Provider (CASP) under the EU's Markets in Crypto-Assets regulation (MiCA), and licensed as a Payment Institution (PI) under PSD2. Both were granted on the same day by the Bank of Latvia. We are now regulated by the same national regulators governing traditional financial institutions, across all 27 member states of the European Union and the broader EEA.
 

Paybis is now regulated by the same authorities that supervise traditional finance.

Most exchanges currently active in the EU market hold legacy registrations, which are AML registrations and not CASP authorised. Among the exchanges that do hold CASP authorisation, very few also hold a PSD2 PI licence.

Paybis holds both.

What changes for you?
- Your crypto funds are held separately from Paybis’ own
- Stablecoin payouts on Paybis are run through a regulated payment institution
 

Disclaimer:
1) This news update is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets are highly volatile. Always conduct your own research before making any investment decisions.