July 1, 2026 – Dubai, United Arab Emirates
Utorg, a crypto wallet and card platform built on institutional-grade infrastructure, today announced it has received full authorization under the EU’s MiCA (Markets in Crypto-Assets) regulation, effective July 1, 2026 the date on which the industry’s transitional period ends and unauthorized providers can no longer legally serve European users.
The company which also provides regulated crypto rails, wallets and stablecoin infrastructure to businesses across more than 130 countries is among a small number of platforms to have completed the full authorization process and is now cleared to operate across all 29 EEA member states, a combined market of over 450 million people.
MiCA is the EU’s first unified regulatory framework for crypto-assets, establishing binding standards on consumer protection, transparency and financial integrity across all member states.
For users, MiCA authorization means concrete protective measures that previously did not exist in crypto funds must be held separately from company assets, fees must be disclosed upfront and users have a legal right to file complaints with a national regulator.
If a MiCA-authorized platform fails, user assets are protected under EU law (not subject to the discretion of an offshore jurisdiction).
For Utorg, the authorization is the result of a full regulatory review of its products, operations and compliance infrastructure.
It also means ongoing oversight Utorg is now subject to regular reporting obligations and supervisory review under EU financial law.
July 1, 2026, marks the end of MiCA’s transitional period the point at which crypto-asset service providers without full authorization can no longer legally serve users in the EEA.
In the months leading up to the deadline, a significant portion of the market has withdrawn from or restricted European operations.
Utorg is among the few platforms to have completed the full authorization process and is operational from day one of the new regulatory regime.
Eugene Petrakov, co-founder of Utorg, said,
“Most of the industry spent the last two years hoping MiCA would get delayed or softened. We spent it building toward it.
“For European users, July 1 means fewer options, stricter standards and a much shorter list of platforms they can actually trust.
“We intend to be at the top of that list, not just because we’re authorized, but because we built a product that is safe by design. The license confirms what was already true.”
From July 1, EEA users can continue to access Utorg’s full product suite through the Utorg App, including the following.
This crypto card operates under strict AML (anti-money laundering) and KYC (know your customer) compliance requirements, as mandated by MiCA, ensuring users benefit from the full protections afforded by EU law.
For card payments specifically, Utorg holds a PCI DSS level two certificate under the PCI DSS (payment card industry data security standard).
This is the same security framework used across the traditional payments industry, and it governs how card numbers, transaction records and personal details are stored, processed and transmitted.
Compliance is verified through regular audits by an independent assessor.
Founded in 2019, Utorg is a crypto infrastructure and consumer application fintech company operating across over 130 countries.
It provides regulated on/off-ramp rails, wallet infrastructure and stablecoin solutions to fintechs, exchanges, digital asset platforms and other businesses globally.
Its consumer app, trusted by more than two million users, offers a self-custodial multi-chain wallet and a free Visa crypto card, available on iOS and Android.
Utorg is MiCA-authorized and holds PCI DSS level two certification.
Andrey, CMO of Utorg
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