New defeat for Valuno in the fight for a MiCA licence
Original title (Norwegian): Nytt nederlag for Valuno i kampen om MiCA-lisens
Sweden · 
Kaupr ·
Stockholm's administrative court has rejected QB Europe's appeal against Finansinspektionen's refusal of a MiCA licence. The court agreed that the firm's general anti-money-laundering risk assessment is not well enough adapted to its products, services and distribution channels, and it refused both to send the case back and to ask the EU court for a ruling. Valuno can appeal within three weeks, but the appeal court must first agree to hear the case, and the company says operations continue through licensed partners. It is also challenging a Swedish tax claim of SEK 48.1 million in a transfer-pricing case.