NAGA Groupsaid its European entity has received authorization under the European Union'sMarkets in Crypto-Assets Regulation (MiCA), clearing it to offer regulateddigital-asset services across the bloc. Theapproval, announced June 24, arrives just ahead of a July 1 cutoff thatrequires crypto firms to hold a full license or stop serving EU clients.The licensewent to NAGA X Ltd, the company said, though it did not name the nationalregulator that granted it or specify the entity's home jurisdiction. Authorization Lands JustBefore the MiCA CutoffMiCA'stransitional window closes on July 1, 2026. After that, any crypto-assetservice provider operating in the EU without full authorization has to winddown or face enforcement, a deadline that has pushed a wave of brokers andexchanges through national regulators in recent months.CEOOctavian Patrascu called the license an important milestone for the group."We view regulatory excellence as a key enabler of long-term growth,"he said.NAGA leanedon the approval as evidence of its compliance standing. The authorization"demonstrates NAGA's ability to meet demanding regulatory standards,"the company said, language that tracks the marketing tone common to theseannouncements. Under thelicense, European clients can buy, sell and exchange crypto-assets and holdthem in custody within a regulated setup, according to the firm.The companyalso made clear the move tidies up an existing business rather than opening anew one. Crypto services have been part of NAGA's lineup "for manyyears," it said, with the authorization mainly bringing that offeringunder the harmonized EU regime.Crypto Sits Inside aBroader Superapp PushDigitalassets are one piece of NAGA's wider plan to fold trading, investing, paymentsand crypto into a single app. The companylaunched Naga One late last year, positioning the platform againstall-in-one offerings from rivals such as Revolut and Warsaw-listed XTB.NAGAreported more than 2.5 million registered users across over 100 countries,supported by 10 local offices, the firm said. The appincludes a Visa card with fiat and crypto conversion, and the European entitynow sits inside a group that picked up additional licenses after its 2024 merger with CAPEX.com.Brokers and ExchangesCrowd the MiCA GateTheapproval drops NAGA into a fast-filling field. Trading.com, the sister brand ofCFD broker XM, secured a MiCA license from Cyprus'sCySEC last month,while Just2Trade's crypto arm J2TX registered with the same regulator on March 16. Both aretraditional brokers extending into physical crypto rather than crypto-nativeshops.Pure cryptofirms have been moving too. Kraken switched on services across all 30European Economic Area countries under its MiCA license, and Virtu Financial's Irish unit picked up a CASP authorization in early June. Coinbase,OKX and Bitpanda have all cleared the regime through various member states.Where NAGAfits is the broker-into-crypto camp. MiCA's Article 60 lets already-regulatedinvestment firms notify their supervisor forequivalent crypto services instead of applying from scratch, a route that favors firms alreadyused to MiFID-style oversight. NAGA, whichcarries investment-firm permissions from its merged businesses, lines up withthat pattern more than with the crypto exchanges racing to bolt on broker-styleproducts.A Regulatory Win Against aSofter BackdropTheauthorization comes as NAGA tries to steady its numbers. The group cited "structuralheadwinds" fora 2025 in which EBITDA fell to 3.3 million euros from 9 million a year earlier,blaming low volatility and thinner copy-trading activity.There werebetter signs early in 2026. NAGA booked its first profitable firstquarter in April,posting net profit of 0.5 million euros as a leaner cost base fed through. The companycompleted a 10-for-1 reverse share split in December 2025, and its stock stilltrades well below its 2021 levels. Managementhas guided to full-year 2026 revenue of 68 million to 75 million euros andEBITDA between 10 million and 15 million euros.NAGA, whichtrades in Frankfurt under the ticker N4G, runs a multi-asset app called NagaOne that bundles stock and ETF investing, social trading, crypto and bankingfeatures.This article was written by Damian Chmiel at www.financemagnates.com.