Fumbi Network Eyes MiCA License as Europe Brings Crypto Into the Regulatory Fold

As Europe begins to roll out its long-awaited crypto regulation, Slovak-based platform Fumbi Network is getting a head start. On June 5, the company officially submitted its application for a MiCA license — a step that signals both confidence and strategic foresight in a shifting digital asset landscape.

MiCA, short for Markets in Crypto-Assets, is the European Union’s landmark regulation designed to bring consistency and clarity to crypto services across all 27 member states. It’s the first serious attempt to set unified rules for how digital asset companies can operate — from how they store user funds to how they disclose risks and report activity.

Fumbi, a crypto investment platform with more than 150,000 users and millions in assets under management, is aiming to be one of the first to operate under these new guidelines. Submitting its MiCA application from Slovakia, the company is positioning itself as a responsible, forward-looking player in a space that’s long operated in legal limbo.

According to CEO Juraj Forgács, the move reflects the company’s long-standing focus on doing things by the book. “We’ve always believed that trust in this industry comes from transparency and compliance,” Forgács said. “Now that the rules are clear, we’re ready to be part of the next phase.”

Fumbi’s MiCA application covers not just its current offerings — like its flagship Index Portfolio — but also its future plans, including a crypto wallet built to comply with the regulation’s technical standards. The company has spent the past few years quietly investing in its internal legal, compliance, and risk teams, preparing for this moment.

And it’s not just about checking regulatory boxes. Gaining a MiCA license opens the door to something bigger: the ability to “passport” crypto services across the EU without needing separate licenses in each country. For smaller players like Fumbi, this could be a rare chance to compete across borders with bigger, better-funded rivals — legally and securely.

The timing is significant. MiCA is being phased in across Europe starting mid-2025, and for many companies, the clock is ticking. While some crypto startups have viewed regulation with skepticism — or even as a threat — others, like Fumbi, see it as a stabilizing force that could finally bring trust, structure, and legitimacy to a chaotic industry.

Of course, complying with MiCA is no small feat. The rules require firms to meet strict standards on asset custody, consumer protection, and operational resilience. But Forgács believes that doing the hard work early will pay off — especially as users and institutions start seeking safer, more regulated ways to enter the crypto space.

Fumbi’s bet is that regulation won’t kill innovation. Instead, it might be what finally allows the European crypto industry to grow up — and grow responsibly.

As the rest of the market begins to adapt to MiCA, all eyes are now on companies like Fumbi to see whether early compliance leads to early advantage.