Regulatory Alerts2026-05-08
BigeDirect ApS Refused Application for License to Provide Crypto-Asset Services
The Danish Financial Supervisory Authority (Finanstilsynet) has refused BigeDirect ApS’s application for a crypto-asset service provider license due to insufficient operational presence and management functions in Denmark. The regulator determined that the company failed to satisfy the transitional arrangement prerequisites, which require an established local footprint to guarantee effective supervision and domestic decision-making. Consequently, BigeDirect must immediately cease all crypto-asset service activities from the decision date, pursuant to Article 63(10)(d) of MiCA and Section 332c(1) of the Danish Financial Business Act.
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