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Regulatory

Banxa Holdings receives MiCA licence in the Netherlands

By The Northwire Desk — AI Analysis Oct 10, 2025 · 15:37 BNXA · 1.12 Banxa Holdings Inc
BNXA · Price

Executive Summary

  • Banxa Holdings Inc. obtained a MiCA licence in the Netherlands, enabling regulated crypto‑asset services across the European Union.
  • The company reported significant progress on its pending plan of arrangement with OSL Group Ltd. and OSL BNXA Acquisition Inc., including change‑of‑control approvals in 26 U.S. states and ongoing regulatory filings in the UK and Canada.
  • Completion of the arrangement remains contingent on remaining state licences (expected by Oct 31 2025) and court approval in British Columbia after an extraordinary shareholders’ meeting on Oct 22 2025.

Key Details

  • MiCA Licence: Granted by Dutch regulator, allowing Banxa to operate as a regulated crypto‑asset service provider throughout the EU.
  • U.S. Licensing Progress: Change‑of‑control approval secured for money‑transmitter licences in 26 of 37 designated states; remaining approvals targeted by Oct 31 2025.
  • UK Notification: Required filings submitted to the Financial Conduct Authority; decision expected by Oct 28 2025.
  • Plan of Arrangement Terms: Purchaser (OSL BNXA Acquisition Inc.) will acquire all outstanding Banxa common shares for cash at $1.55 per share.
  • Regulatory Conditions Precedent: MiCA licence obtained; DNB declaration of no objection to be filed; U.S. state licences pending; UK FCA decision pending.
  • Court Hearing: Final order from the Supreme Court of British Columbia anticipated shortly after the purchaser’s shareholders’ extraordinary meeting on Oct 22 2025.
  • Documentation Availability: Arrangement agreement dated June 27 2025 and management information circular dated July 25 2025 are posted on Banxa’s SEDAR+ profile.

Notable Quotes

“Receiving the MiCA approval marks a major step forward in our global compliance journey,” said Zafer Qureshi, executive director and co‑CEO of Banxa. “Europe has been a key market for Banxa… this licence allows us to bring our trusted, secure and fully compliant infrastructure to more businesses and millions of users across the European region.”

Read the original news release →

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