NAGA MiCA license gives the group approval to offer regulated crypto-asset services across the European Union ahead of the July 1 deadline.
NAGA Group said on June 24 that its European unit had won authorization under the Markets in Crypto-Assets Regulation. The license went to NAGA X Ltd, which is authorized and regulated by the Cyprus Securities and Exchange Commission under registration number 009/23. As a result, the firm can keep serving EU clients under the bloc’s new crypto regime.
The timing is important because MiCA’s transition period ends on July 1, 2026. After that date, crypto-asset service providers in the EU need full authorization or must stop operating for clients in the bloc. Therefore, the deadline has pushed many brokers and exchanges to seek approval through national regulators.
NAGA MiCA License Covers EU Services
Under the license, European clients can buy, sell and exchange crypto-assets and also hold them in custody, according to the company. NAGA said the approval brings an existing crypto business under the EU’s harmonized framework rather than launching a new service. The firm added that crypto products have been part of its offering for many years.
CEO Octavian Patrascu called the approval an important milestone for the group. He said the company sees regulatory excellence as a key support for long-term growth. Meanwhile, NAGA said the authorization shows it can meet strict regulatory standards.
NAGA Ties Approval to Broader Plan
NAGA said digital assets form part of its wider plan to combine trading, investing, payments and crypto in one app. The company launched Naga One late last year. It reported more than 2.5 million registered users in over 100 countries, supported by 10 local offices.
The app includes a Visa card with fiat and crypto conversion. Additionally, the European entity now sits within a group that added more licenses after its 2024 merger with CAPEX.com.
The approval comes as NAGA works to improve performance. The group said EBITDA fell to 3.3 million euros in 2025 from 9 million euros a year earlier, citing low volatility and weaker copy-trading activity. However, NAGA said it posted its first profitable first quarter in April, with net profit of 0.5 million euros. Management has guided for 2026 revenue of 68 million to 75 million euros and EBITDA of 10 million to 15 million euros.
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