In this episode of the FinTech Roadmap podcast, we welcomed Juraj Forgács, founder and CEO of the company Fumbithat makes cryptocurrencies available to ordinary users using simple investment products. Together, we looked at how European regulation of MiCA (Markets in Crypto-Assets) will fundamentally transform the environment for crypto firms across Europe, and what it specifically means for companies like Fumbi.
Juraj openly describes what has changed at Fumbi at the instigation of regulation, how their positions differ from classic crypto exchanges, and why they see MiCA as an opportunity rather than an obstacle. There was also talk about whether regulation will bring more public confidence, why market cultivation is needed, and how the crypto business adapts to the new rules. In conclusion, we took a look at the current trends in cryptocurrency, such as the growing interest in stablecoins, and how Fumbi approaches them in its further development.
During the podcast, Juraj and I talked about the fact that they are already in the finish line on their way to obtain the MiCA permit. At the time of the podcast's publication, it had already acquired it as one of the first Slovak crypto investment companies. In addition to boosting investor confidence, Fumbi's MiCA license will also enable easier expansion within the EU. The passporting mechanism recognizes the license granted by the National Bank of Slovakia and does not require obtaining individual licenses in other countries. Fumbi now has clients in Slovakia, the Czech Republic, Poland and other EU countries.