NAGA Group announced that its European entity has obtained authorization under the European Union's Markets in Crypto-Assets Regulation (MiCA), enabling the group to provide regulated digital-asset services throughout the EU. The approval was disclosed on 24 June and comes shortly before a 1 July cutoff that requires crypto firms operating in the bloc to hold a full license or cease serving EU-based clients.
The license was granted to NAGA X Ltd, according to the company. NAGA did not disclose which national regulator issued the authorization or specify the home jurisdiction of the licensed entity. The authorization places NAGA within the EU's harmonized regulatory framework for crypto-asset service providers.
Scope of Services Under MiCA License
Under the new license, NAGA's European clients will be able to buy, sell and exchange crypto-assets and hold them in custody within a regulated environment. The company emphasized that crypto services have been part of its product lineup "for many years" and that the MiCA authorization primarily formalizes and aligns this existing business with the EU regime, rather than marking the start of a new line of activity.
NAGA framed the authorization as an indication of its compliance capabilities. The company said the license "demonstrates NAGA's ability to meet demanding regulatory standards." Chief Executive Officer Octavian Patrascu described the approval as an important milestone for the group, stating that the company views regulatory excellence as a key enabler of long-term growth.
Regulatory Timeline and Market Context
MiCA's transitional window remains open until 1 July 2026. After that date, any crypto-asset service provider operating in the EU without full authorization must wind down operations or face potential enforcement action. This deadline has driven a wave of brokers and exchanges to secure approvals from national regulators in recent months.
NAGA's license adds it to a growing list of firms operating under MiCA-compliant authorizations. Trading.com, the sister brand of CFD broker XM, obtained a MiCA license from Cyprus's CySEC in May, while J2TX, the crypto arm of Just2Trade, registered with the same regulator on 16 March.
Business Scale and Outlook
NAGA reported having more than 2.5 million registered users across over 100 countries, supported by 10 local offices. For the 2026 financial year, management has guided to revenue in the range of EUR 68 million to EUR 75 million and EBITDA between EUR 10 million and EUR 15 million. The company presented the MiCA authorization as a factor supporting its long-term growth plans within a regulated framework for digital assets.
