Utorg, a crypto wallet and card platform, received full authorization under the EU's Markets in Crypto-Assets (MiCA) regulation, effective July 1, 2026 – the date the industry's transitional period ends and unauthorized providers can no longer legally serve European users. The authorization allows Utorg 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.
Utorg Receives Full MiCA Authorization for EEA Operations
Utorg announced it has received full authorization under MiCA, effective July 1, 2026. The company provides regulated crypto rails, wallets and stablecoin infrastructure to businesses across 130+ countries. Utorg is among a small number of platforms to have completed the full authorization process and is cleared to operate across all 29 EEA member states.
MiCA Framework Establishes Consumer Protection Standards
MiCA authorization means 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. For Utorg, the authorization is the result of a full regulatory review of its products, operations, and compliance infrastructure. Utorg is now subject to regular reporting obligations and supervisory review under EU financial law.
Industry Faces July 1 Compliance Deadline
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 In the months leading up to the deadline, a significant portion of the market has withdrawn from or restricted European operations.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."
Utorg Offers Wallet and Card Products to EEA Users
From July 1, EEA users can access Utorg's full product suite through the Utorg App. The platform offers a crypto wallet supporting buy, send, receive, store, and swap across 170+ cryptocurrencies and 14 blockchains, including BTC, ETH, and SOL. The wallet is non-custodial, meaning Utorg has no access to users' funds at any point.
Utorg also provides a crypto card accepted at 80 million+ merchants worldwide, with Google Pay and Apple Pay support. There are no fees for issuance, maintenance, or top-ups. The crypto card operates under AML (Anti-Money Laundering) and KYC (Know Your Customer) compliance requirements, as mandated by MiCA. Utorg holds a PCI DSS Level 2 certificate under the Payment Card Industry Data Security Standard. Compliance is verified through regular audits by an independent assessor.
Utorg Operates Across 130+ Countries Since 2019
Founded in 2019, Utorg is a crypto infrastructure and consumer application fintech company operating across 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 2 million users, offers a self-custodial multi-chain wallet and a free Visa crypto card, available on iOS (in July) and Android.
FAQ
What did Utorg receive on July 1, 2026?
Utorg received full authorization under the EU's Markets in Crypto-Assets (MiCA) regulation, effective July 1, 2026. This authorization allows Utorg to operate across all 29 EEA member states.
What protections does MiCA authorization provide to users?
MiCA authorization means 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.
What products does Utorg offer to EEA users?
Utorg offers a non-custodial crypto wallet supporting 170+ cryptocurrencies across 14 blockchains, and a Visa crypto card accepted at 80 million+ merchants worldwide with no fees for issuance, maintenance, or top-ups.
