EU CRYPTO REGISTER · AUTHORISED · LAST VERIFIED
Is Monflo licensed under MiCA in the European Union?
Monflo's European entity (Monflo B.V.) is recorded as an authorised Crypto-Asset Service Provider under the EU's Markets in Crypto-Assets Regulation, with its authorisation issued by Netherlands on 4 December 2025.
Verdict: Monflo appears in the ESMA Register of MiCA-Authorised CASPs.
| Legal entity | Monflo B.V. |
|---|---|
| Home Member State | Netherlands |
| National Competent Authority | Dutch Authority for the Financial Markets (AFM) and De Nederlandsche Bank (DNB) |
| Authorisation date | |
| Legal Entity Identifier (LEI) | 724500BUG93MDFGYQG03 |
| Authorised services | Custody, Order execution, Transfer services |
Source: ESMA Register of Crypto-Asset Service Providers. Retrieved 30 June 2026.
About Monflo
Monflo is a consumer crypto-asset platform operated by Monflo B.V., a company based in Apeldoorn, Netherlands (registered address Prins Willem-Alexanderlaan 301, 7311 SW Apeldoorn). It is a crypto-asset service provider (CASP) rather than a bank, custodian or broker. Its core product is a 'Web3 IBAN' account that converts deposited EUR into the EURe euro stablecoin on-chain, lets users send and receive money over SEPA, swap into a range of crypto-assets, and (per the research) use a debit card issued via Gnosis Pay/Visa. Monflo states on its own site that it is MiCA-authorised and supervised by the Netherlands Authority for the Financial Markets (AFM). Sources: monflo.com, monflo.com company page
On the product itself, Monflo's site describes free EUR transfers (0% transfer fee), a 0.9% swap fee on crypto exchanges routed across decentralised markets, and a subscription starting at €7.99 per month after a free trial. Monflo states that assets are secured using Fireblocks infrastructure and that users hold an individual vault rather than a pooled or omnibus account; these are the company's own descriptions of its setup. The research indicates the service centres on EUR/SEPA on- and off-ramps plus swaps into multiple crypto-assets, and does not market traditional savings or staking products. Source: monflo.com
On the regulatory point, the contracting legal entity is Monflo B.V., and its national competent authority is the Dutch AFM. Under MiCA, the entry for Monflo B.V. covers three crypto-asset services: providing custody and administration of crypto-assets on behalf of clients, executing orders for crypto-assets, and providing transfer services for crypto-assets. A CASP authorisation of this type can be passported across the EU; an AMF France white-list entry for Monflo B.V. corroborates the Netherlands MiCA licence and its recognition in France. The authorisation does not, on this record, extend to crypto-asset services outside those three (for example, operating a trading platform, exchanging crypto-assets for funds or other crypto-assets as a principal, placement, reception and transmission of orders, advice, or portfolio management). Sources: monflo.com company page, AMF France white list
Which crypto services is Monflo authorised to offer in the EU?
Under its MiCA authorisation issued by Dutch Authority for the Financial Markets (AFM) and De Nederlandsche Bank (DNB), Monflo (Monflo B.V.) is approved to provide the following services to EEA residents. Each service is defined in Article 3(1)(16) of Regulation (EU) 2023/1114.
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Providing custody and administration of crypto-assets on behalf of clients
The exchange holds your crypto in its own wallets. Authorisation here means MiCA's segregation and insurance rules apply: client crypto-assets must be ring-fenced from the exchange's own funds.
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Execution of orders for crypto-assets on behalf of clients
The exchange can place orders for you on third-party venues (smart-routing). Less common in retail crypto; relevant for brokerage-style services.
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Providing transfer services for crypto-assets on behalf of clients
The exchange can move crypto between addresses on your behalf, including off-platform withdrawals. The Travel Rule applies to these transfers.
Which services is Monflo not authorised to offer?
Monflo's MiCA licence does not cover: Trading platform, Exchange for funds, Exchange for crypto, Placing, Order R&T, Advice, Portfolio mgmt. These services may still be offered by other authorised providers, or by Monflo under a different regulatory framework (for example, derivatives may fall under MiFID II rather than MiCA). Source: ESMA Register, retrieved 30 June 2026.
See other MiCA-authorised exchanges by service:
Why is Monflo licensed in Netherlands?
The Netherlands historically had one of the strictest pre-MiCA crypto frameworks, with DNB running a stand-alone Wwft register. AFM is the MiCA-designated competent authority. Bitvavo is the dominant Dutch-licensed CASP; many global exchanges previously withdrew from the Dutch market under pre-MiCA pressure. Source: Dutch Authority for the Financial Markets (AFM) and De Nederlandsche Bank (DNB).
| National Competent Authority | Dutch Authority for the Financial Markets (AFM) and De Nederlandsche Bank (DNB) |
|---|---|
| Investor compensation | DSI (Dutch investor compensation scheme) cover is limited. |
| Regulatory context | Marketing rules around crypto are particularly strict; AFM has fined non-compliant promotional activity. |
What does this mean for users of Monflo in the EU?
If you transact through Monflo's EEA-authorised entity (Monflo B.V.), the protections introduced by MiCA apply to your relationship from onwards. In practical terms this means: client crypto-assets are ring-fenced from the exchange's own funds (Article 70 MiCA), the authorised entity holds prudential capital, has formal complaint-handling procedures, and is subject to transparency obligations on fees and order execution. Source: Regulation (EU) 2023/1114.
One thing to verify yourself: the legal entity you contract with day-to-day must match the entity in the ESMA register. Some global exchanges operate multiple legal entities under one brand. Confirm in Monflo's terms of service that your contracting entity is Monflo B.V., not a non-EEA affiliate.
Which MiCA-authorised exchanges are alternatives to Monflo?
Three MiCA-authorised providers to consider. Drawn from the ESMA register, never paid placement.
| Provider | Home Member State | Authorised | Services |
|---|---|---|---|
| Alaric Securities | Bulgaria | 9 services | |
| OKX | Malta | 9 services | |
| Kraken | Ireland | 8 services |
Related reading
Understand the regulatory context behind Monflo's entry on the register:
Frequently asked questions about Monflo and MiCA
Is Monflo licensed under MiCA?
Yes. Monflo appears in the ESMA Register of MiCA-Authorised Crypto-Asset Service Providers, with its authorisation issued by the competent authority of Netherlands.
Which EU countries can Monflo serve under this licence?
A MiCA authorisation in one EEA member state permits passporting across all EEA member states, subject to a notification process to each host-state regulator.
Are my crypto-assets on Monflo protected under MiCA?
MiCA introduces ring-fencing of client crypto-assets, prudential capital requirements for the authorised entity, complaint-handling obligations, and conduct rules. It does not provide a deposit-guarantee scheme equivalent to bank deposit insurance.
What's the difference between the authorised entity and the global brand?
Some global exchanges operate multiple legal entities. The MiCA authorisation applies only to the specific legal entity in the ESMA register, not to the global brand. Verify the contracting entity in Monflo's terms of service.
Where can I check the official record?
The ESMA register publishes the authoritative list and updates it weekly. The direct link to Monflo's entry is on this page under 'Sources'.
Sources
This page is updated weekly. Last verified . If you believe any information on this page is inaccurate, write to our contact page.