On July 1, 2026, crypto wallet and card platform Utorg announced it has received full authorization under the European Union’s Markets in Crypto-Assets (MiCA) regulation. The license becomes effective on the same day the industry’s transitional period ends, meaning unauthorized providers can no longer legally serve users in the European Economic Area (EEA). Utorg is now among a small number of platforms to have completed the full authorization process, allowing it to operate across all 29 EEA member states – a combined market of over 450 million people.
MiCA, the EU’s first unified regulatory framework for crypto-assets, mandates binding standards on consumer protection, transparency, and financial integrity. For users, this translates to concrete protections: funds must be segregated from company assets, fees disclosed upfront, and a legal right to complain to a national regulator. If a MiCA-authorized platform fails, user assets are safeguarded under EU law rather than under the discretion of an offshore jurisdiction.
Utorg’s authorization follows a full regulatory review of its products, operations, and compliance infrastructure. Co-founder Eugene Petrakov commented: “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.”
From day one of the new regime, EEA residents can access Utorg’s product suite via the Utorg App. This includes a non-custodial wallet supporting over 170 cryptocurrencies across 14 blockchains (including BTC, ETH, and SOL), and a crypto card accepted at 80 million+ merchants worldwide with Google Pay and Apple Pay support and no issuance, maintenance, or top-up fees. The card operates under strict AML and KYC compliance and holds PCI DSS Level 2 certification.
The end of the transitional period has already pushed a significant portion of the market to exit or restrict European operations, leaving Utorg as one of the few fully authorised providers operational from the first day of the MiCA-only era.
