Business · Companies · 7 hrs ago
Fazil Crypto gains approval to operate in 30 European Economic Area countries
Spain’s CNMV has approved Fazil Crypto to operate across the European Economic Area under a European passport.
The company, founded in Bilbao, had previously focused all its activity on Spain.
The passport covers 30 countries: the 27 European Union members, plus Norway, Iceland and Liechtenstein.
Fazil Crypto received a MiCA licence in April 2026, and digital asset providers have been unable to operate in Europe without one since July 1.
The approval expands its potential market from about 50 million people in Spain to more than 458 million across the 30 countries.
The company says it can now plan growth across Europe with one authorization.
Spain’s CNMV has granted Fazil Crypto approval to operate in all 30 European Economic Area countries.
The passport covers the 27 European Union countries, Norway, Iceland and Liechtenstein.
The Bilbao-founded company had previously focused all its activity on Spain.
Fazil Crypto says the approval expands its potential market from about 50 million people to more than 458 million.
Only 105 of 392 entities with MiCA licences are listed as covering all 30 EEA countries, according to figures cited by Expansión.
- Who
- Fazil Crypto, a Spanish fintech founded in Bilbao.
- What
- Spain’s CNMV granted it a European passport to operate in all 30 EEA countries.
- When
- The approval was reported on November 6, 2026.
- Where
- The 30 EEA countries: the 27 EU countries, Norway, Iceland and Liechtenstein.
- Why
- The passport allows the company to expand beyond Spain under a single authorisation.
This story does not have two clearly opposing sides.
Fazil Crypto obtained its MiCA licence.
Digital asset providers could no longer operate in Europe without a MiCA licence.
Expansión reported that Spain’s CNMV had granted Fazil Crypto a passport to operate across the EEA.
- EEA coverage
- 30 countries
- EU coverage
- 27 countries
- Potential population market
- More than 458 million people
- Entities with MiCA licences
- 392
- Entities listed with full EEA coverage
- 105
- Spanish entities with full EEA coverage
- 3 of 16
What people are saying
Until now, our natural market was Spain. The MiCA passport completely changes our scale: it allows us to plan Fazil Crypto’s growth across Europe with a single authorisation of origin.