Dubai, United Arab Emirates, July 1, 2026, Chainwire
outsideCryptocurrency, a cryptocurrency wallet and card platform built on institutional infrastructure, announced today that it has received a full license under the EU Markets for Cryptoassets (MiCA) regulation, effective July 1, 2026 – the date on which the industry transition period ends and unauthorized providers can no longer legally serve European users.
The company, which also provides regulated cryptocurrency paths, wallets and stablecoin infrastructure to businesses in more than 130 countries, is among a small number of platforms that have completed the full licensing process and are now eligible to operate in all 29 member states of the European Economic Area, a common market of more than 450 million people.
What MiCA means for users
MiCA is the EU’s first unified regulatory framework for cryptoassets, setting binding standards on consumer protection, transparency and financial safety in all member states.
For users, a MiCA license means concrete safeguards that did not previously exist in cryptocurrencies: funds must be kept separately from company assets, fees must be disclosed upfront, and users have the legal right to file complaints with a national regulatory body. If a MiCA certified platform fails, the user’s assets are protected under EU law (not subject to the discretion of an external jurisdiction).
to outsideThe license is the result of a complete regulatory review of its products, operations and compliance infrastructure. It also means constant oversight: Utorg is now subject to regular reporting obligations and supervisory review under EU financial law.
Industry background
July 1, 2026 marks the end of the MiCA transition period – the point at which fully authorized crypto asset service providers can no longer legally serve users in the EEA.
In the months leading up to the deadline, a large portion of the market withdrew from or restricted European operations. outside It is among the few platforms to have completed the full licensing process and has been operating since day one of the new regulatory system.
Eugene Petrakov, co-founder of Utorg, said: “Most of the industry has spent the last two years hoping that MiCA would be delayed or eased. We’ve spent that building toward it. For European users, July 1 means fewer choices, more stringent standards and a much shorter list of platforms they can actually trust. We intend to be at the top of that list, not just because we’re licensed, but because we’ve built a product that’s safe by design. The license confirms what was already true.”
Utorg products are available to residents of the European Economic Area
As of July 1, EEA users can continue to access the full range of Utorg products through the Utorg app, including:
- Crypto wallet Supports buying, sending, receiving, storing and swapping across more than 170 cryptocurrencies and 14 blockchains, including BTC, ETH and SOL. Thanks to its non-custodial nature, Utorg cannot access users’ funds at any time.
- Encryption card It is accepted by over 80 million merchants worldwide, supporting Google Pay and Apple Pay and allowing users to spend their cryptocurrencies as they wish. It is worth noting that there are no fees for issuance, maintenance or refilling.
This crypto card operates under strict AML (Anti-Money Laundering) and KYC (Know Your Customer) compliance requirements, as imposed by MiCA, ensuring that users benefit from the full protection offered by EU law.
For card payments specifically, Utorg holds PCI DSS Level 2 certification under the Payment Card Industry Data Security Standard. This is the same security framework used in the traditional payments industry, and it governs how card numbers, transaction records and personal details are stored, processed and transmitted. Compliance is verified through regular audits conducted by an independent assessor.
About Yutorg
Founded in 2019, outside It is a company specializing in cryptocurrency infrastructure and consumer applications and operates in more than 130 countries. It provides regulated entry and exit rails, wallet infrastructure, and stablecoin solutions to fintech companies, exchanges, digital asset platforms, and other companies globally. Its consumer app, trusted by more than 2 million users, offers a self-custodial multi-chain wallet and a free Visa crypto card, available on iOS (in July) and Android. Utorg is MiCA licensed and holds PCI DSS Level 2 certification.
communication
Chief Marketing Officer
Andrei
outside
pr@utorg.com
This article is not intended to provide financial advice. Educational purposes only.
