Ramp Network, a crypto fintech firm, has become one of the first companies authorised under the EU’s Markets in Crypto-Assets Regulation (MiCAR) by the Central Bank of Ireland, giving it the ability to operate across all 27 EU member states under a single licence.
The approval, issued to Ramp Swaps (Ireland) Limited, enables the firm to provide crypto-related services, including converting between fiat currencies and digital assets, under consistent EU oversight.
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MiCAR, the EU’s first harmonised framework for crypto services, sets standards for governance, operational resilience, transparency, and consumer protection.
Expanding Services Across the EU
The authorisation allows Ramp Network to offer its on- and off-ramp services throughout the European Union member countries.
Its infrastructure supports major payment methods, including debit and credit cards, bank transfers, Apple Pay, and Google Pay, enabling access for businesses and individuals in more than 150 countries.
The licence also provides a regulatory “passport,” allowing Ramp to scale across the EU without needing separate approvals in each country. This could simplify partnerships with banks, digital wallets, fintechs, and exchanges, while maintaining compliance with EU standards.
“MiCAR gives Europe a clear and unified framework for building trustworthy crypto services,” says Przemek Kowalczyk, CEO of Ramp Network. “This approval represents a level up and confirms that our standards, controls, and infrastructure meet Europe’s expectations.”
Understanding MiCAR
MiCAR is part of the EU’s broader effort to regulate the crypto sector and reduce fragmented national rules.
It sets common rules for governance, transparency, operational resilience, and consumer protection across all 27 EU member states. The regulation covers crypto-asset service providers (CASPs), including exchanges, wallets, and fiat-to-crypto platforms, and allows authorised firms to operate EU-wide under a single licence.
The regulation came fully into effect on January 1, 2025. Since then, an estimated 1,100–1,300 crypto-asset service providers have continued operating under national CASP registrations across the EU.
Why This Matters
Ramp Network’s approval demonstrates the EU’s push to establish clear rules for crypto services, aiming to provide more secure and regulated access to digital assets for businesses and consumers across the bloc.
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People Also Ask:
Ramp Network is a crypto fintech company that provides on- and off-ramp services, allowing users and businesses to convert between fiat currencies and digital assets. In the EU, it operates via Ramp Swaps (Ireland) Limited.
MiCAR (Markets in Crypto-Assets Regulation) is the EU’s first harmonised regulatory framework for crypto services, setting standards for governance, transparency, operational resilience, and consumer protection.
MiCAR aims to provide safer and more transparent access to digital assets by enforcing consistent rules across all EU member states.
Ramp Network can offer crypto-related services such as converting between fiat and digital assets while complying with EU-wide regulatory standards.
