[Spanish Regulatory Authority Approves Venga for MiCA Authorization] Odaily Planet Daily News: The Spanish National Securities Market Commission has authorized the cryptocurrency platform Venga to operate under the European Union's Markets in Crypto-Assets (MiCA) regulation, making it one of the few entities in Spain to receive MiCA approval. The MiCA transition period came into effect on July 1, requiring digital asset companies previously operating under individual national rules to obtain formal approval under the new framework or cease offering regulated services within the EU. This authorization allows Venga to provide services within the market composed of the EU's 27 member states under a unified regulatory framework. Venga Co-founder and CEO Michael Stroev stated that the MiCA review covers aspects such as ownership structure, corporate governance, management eligibility, risk framework, and product infrastructure. Previously, over 3,000 crypto companies in the EU held local Virtual Asset Service Provider registrations, but currently, only about 240 companies have obtained full MiCA authorization, with fewer than 15 approved in Spain.