Paybis secures MiCA, payment licenses in Latvia for EU crypto expansion

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Source: Viktors Valainis, Minister of Economics of Latvia Founded in 2014, Paybis supports 90 cryptocurrencies and serves seven million users across 180 countries. It also holds money services business licences in the US and Canada. Related: MiCA-licensed Banking Circle joins bank stablecoin settlement race in Europe In April, a European Commission adviser said the EU’s MiCA crypto regulation is likely to evolve over time, with the Commission planning a public consultation to assess whether the rules are working for market participants. Speaking at Paris Blockchain Week 2026, Peter Kerstens said it would be “rather unusual” if there were no “MiCA 2” at some point, noting that EU financial legislation typically develops in stages. The comments came amid growing scrutiny and opposition from the crypto industry. Stablecoin issuer Circle has pushed back on euro stablecoin thresholds, while policymakers debate whether supervision of major crypto firms should be centralized under the European Securities and Markets Authority. Magazine: Singapore isn’t a ‘crypto hub’ — it’s something better: StraitsX CEO More on the subject

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