Backpack EU obtains MiCA license

Backpack EU, the European arm of crypto exchange Backpack, announced via X that it has secured a Markets in Crypto-Assets (MiCA) license and a Payment Institution (PI) license from the Central Bank of Latvia. Combined with its existing Markets in Financial Instruments Directive II (MiFID II) license, the company now holds three key licenses covering crypto, payments, and brokerage. This enables Backpack EU to offer services connecting on-chain and traditional financial markets to users across all 27 European Union member states.