cryptolicit

Is BVNK regulated in the EU?

BVNK — legal name System Pay Services (Malta) Limited. Crypto-asset service provider (CASP) with home Member State 🇲🇹 Malta.

Authorised under MiCA

BVNK is listed in the ESMA register as an authorised crypto-asset service provider. The licence was granted by Malta Financial Services Authority (MFSA) on 13 February 2026 and covers 5 of 10 MiCA services in 28 EEA countries.

BVNK among the EU's authorised providers

BVNK was the 12th of 23 crypto-asset service providers currently authorised in Malta, and one of 365 across the EEA, licensed 13 months after MiCA became applicable. With 5 authorised services it is above the register average of 3.3; 62 providers hold a broader one. It has notified 28 of 30 EEA countries; 58 providers have notified all of them. MFSA supervises 23 authorised providers in total.

What the authorisation covers

BVNK is authorised for 5 of the ten crypto-asset services defined in Article 3(1)(16) of MiCA. It is not authorised for operating a trading platform, placing of crypto-assets, reception and transmission of orders, advice on crypto-assets, portfolio management — if it offers those, that activity is outside this licence.

  • a Custody and administration 28 countries Holding clients' crypto-assets or the private keys to them, and keeping them safe. This is what a wallet service or an exchange that keeps your coins does.
  • c Exchange for funds 28 countries Buying crypto-assets from clients, or selling to them, against money (euro or another currency) using the provider's own capital.
  • d Exchange for other crypto-assets 28 countries Swapping one crypto-asset for another with the client, using the provider's own capital — for example bitcoin for a stablecoin.
  • e Execution of orders 28 countries Concluding purchases or sales of crypto-assets on the client's behalf, including on a third-party trading platform.
  • j Transfer services 28 countries Moving crypto-assets from one distributed-ledger address or account to another on the client's behalf.

Not authorised: b. Operating a trading platform · f. Placing of crypto-assets · g. Reception and transmission of orders · h. Advice on crypto-assets · i. Portfolio management.

Where it may operate

Through the MiCA passport, BVNK has notified 28 countries: Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia. It has not notified the other 2 EEA states (Greece, Malta), so a client there is outside the scope of the notification.

Highlighted: countries notified for at least one service. Outlined: home Member State. Passporting is per service; see the list on the left for each service's count.

Identification

Legal name
System Pay Services (Malta) Limited
Trading as
BVNK
LEI
984500640Z8ADE893D04 · GLEIF record
Competent authority
Malta Financial Services Authority (MFSA) (Malta)
Registered address
Ruby Workspaces Office 3 Pendergardens, Triq Sant' Andrija, San Giljan, STJ 9023, Malta
Declared website
bvnk.com
Authorised on
13 February 2026
Register entry updated
13 May 2026
Only the declared domains are covered. Fraudsters routinely copy the name of an authorised provider and operate from a look-alike domain. If the website you are on is not one of the addresses above, the authorisation does not apply to it — check the exact domain.

Questions people ask

Is BVNK regulated in the EU?

Yes. BVNK (System Pay Services (Malta) Limited) holds a MiCA authorisation as a crypto-asset service provider, granted by Malta Financial Services Authority (MFSA) on 13 February 2026. It appears in the ESMA register of authorised CASPs.

Which crypto services is BVNK authorised for?

5 of the ten MiCA services: custody and administration, exchange for funds, exchange for other crypto-assets, execution of orders, transfer services.

In which countries can BVNK offer crypto services?

28 EEA countries: Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia.

Who supervises BVNK?

Malta Financial Services Authority (MFSA), the competent authority in Malta, which is the provider's home Member State under MiCA.

Other providers authorised in Malta

All providers from Malta →

Source: ESMA interim MiCA register (CASPS.csv), as reported by Malta Financial Services Authority (MFSA). This page reflects the register as of our last sync; it is not a statement by the regulator. Methodology.