Regulations
By Jean-Luc Maracon
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18th MiCA Approval in Europe, 230,000 Clients in Sight. Paymium claims 230,000 clients. That's the number it presents, and the MiCA approval is clearly…
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One Million Euros: What It Says About the Real Cost of Compliance. The figure of one million euros deserves attention. Not because it's astronomical — for a platform…
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Paymium has secured its MiCA approval. The French platform, founded in 2011, has reached a milestone closely watched by many European crypto sector players — and it didn't come…
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At least one million euros. That's the amount Paymium claims to have spent to comply with the European regulation on crypto-assets markets.
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Paymium thus becomes the 18th player in the sector to obtain this approval in Europe. Not the first, not the last.
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Paymium claims 230,000 clients. That's the number it presents, and the MiCA approval is clearly seen as a lever to increase this number.
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And that's probably where the real value of the operation lies. Not just in accessing new markets within the European Union, although that matters.
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MiCA, to recall, is the regulatory framework the EU has put in place to standardize the rules of the game in crypto across the continent.
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Things are changing fast. Three years ago, only a handful of players had started serious procedures. Today, 18 have crossed the line. And the pressure is mounting on the others.
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Related topic: Le volume en euros de Binance représente 1 % alors que l'échéance MiCA approche le 1er juillet
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For smaller players, this type of investment can be prohibitive. It's probably one of the unspoken effects of the regulation: it accelerates market consolidation.
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Related: Binance Euro Volume Sits at 1% as MiCA Deadline Hits July 1
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Paymium, on the other hand, has chosen the long and expensive route. And it states this clearly.
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What the investment exactly covered — revision of internal processes, strengthening of security systems, upgrading compliance tools — remains vague. The source does not detail.
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But the result is there. The approval is obtained. And Paymium can now pursue markets across the EU with a solid regulatory argument in its pocket.
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