MICA to RegRally: The Crypto Guide, February 2026

In this issue, we present a curated selection of key developments from the European crypto regulatory landscape. It provides viewers with a glimpse into the future and high-profile insights into the ever-evolving crypto industry.

Latvia issues two MiCA licences and promotes crypto-asset supervision framework

Latvia issued two MiCA (Markets in Crypto-Assets Regulation) licences in 2025, demonstrating progress in establishing a clear and predictable regulatory framework for crypto-asset service providers.

Latvia has positioned itself as an attractive jurisdiction for crypto-asset service providers within the EU, offering early regulatory consultations that reduce uncertainty, structured and transparent licensing pathways, and alignment with EU regulatory frameworks including MiCA.

Five crypto-asset service providers receive MiCA authorisation across Europe

European regulators authorised five crypto-asset service providers under the MiCA framework in January 2026:

Germany

ISF Institut Deutsch-Schweizer Finanzdienstleistungen GmbH (authorised 28 January 2026)

Regulator: Federal Financial Supervisory Authority (BaFin)
Authorised services: reception and transmission of orders for crypto-assets on behalf of clients

Ireland

Interactive Brokers Ireland Limited (authorised 22 January 2026)

Regulator: Central Bank of Ireland (CBI)
Authorised services: reception and transmission of orders for crypto-assets on behalf of clients

Malta

Damex Digital LTD (authorised 29 January 2026, registered 30 January 2026)

Regulator: Malta Financial Services Authority (MFSA)
Authorised services: providing custody and administration of crypto-assets on behalf of clients; exchange of crypto-assets for funds; exchange of crypto-assets for other crypto-assets; execution of orders for crypto-assets on behalf of clients; providing transfer services for crypto-assets on behalf of clients

Slovakia

Firefish Europe s.r.o. (authorised 2 January 2026, registered 5 January 2026)

Regulator: National Bank of Slovakia (NBS)
Authorised services: providing custody and administration of crypto-assets on behalf of clients; exchange of crypto-assets for funds; exchange of crypto-assets for other crypto-assets; providing transfer services for crypto-assets on behalf of clients

Okazio s.r.o. (authorised 15 January 2026, registered 16 January 2026)

Regulator: National Bank of Slovakia (NBS)
Authorised services: providing custody and administration of crypto-assets on behalf of clients; execution of orders for crypto-assets on behalf of clients; providing advice on crypto-assets; providing portfolio management on crypto-assets; providing transfer services for crypto-assets on behalf of clients