W Group's WHITE TECH Secures MiCA Authorization, Boosting Its EU Expansion

WHITE TECH, a company within the W Group ecosystem, has received authorization from the Croatian Financial Services Supervisory Agency (HANFA) to operate as a crypto-asset service provider (CASP) under the European Union’s Markets in Crypto-Assets (MiCA) regulation.

The company is majority-owned by Volodymyr Nosov, the founder and CEO of the WhiteBIT cryptocurrency exchange. Within the W Group ecosystem, WHITE TECH acts as a core infrastructure provider, with a focus on crypto exchange services, crypto-to-fiat conversion, and crypto-asset transfers for businesses and users.

Authorization expands WHITE TECH’s regulated crypto services

The HANFA authorization allows WHITE TECH to provide several regulated crypto-asset services under the MiCA framework. These include the exchange of crypto-assets for fiat currencies, the exchange of crypto-assets for other crypto-assets, crypto-asset transfer services, and the custody and administration of crypto-assets.

As an authorized CASP, WHITE TECH will operate under HANFA supervision and will be required to comply with MiCA’s standards for governance, risk management, and user protection.

MiCA is designed to establish a harmonized regulatory framework for crypto-asset services across the European Union. By setting consistent rules across member states, the regulation aims to improve market transparency and strengthen trust in the crypto sector.

WHITE TECH enters MiCA framework at an early stage

According to the press release, WHITE TECH is among the first companies in Croatia to receive authorization under MiCA. The approval places the company within the EU’s unified crypto regulatory framework as the bloc continues to implement clearer rules for crypto-asset service providers.

The authorization marks another step in WHITE TECH’s expansion as part of the broader W Group ecosystem and reflects the company’s stated focus on operating in regulated markets.