Updated on June 30, 2025
Novelist receives MiCAR license from Dutch regulator AFM.
Amdax label now operates under European crypto regulation.
Amsterdam, 27 June 2025 – Novelist is among the first Dutch crypto service providers to be officially approved under the new European Markets in Crypto-Assets Regulation (MiCAR). The Netherlands Authority for the Financial Markets (AFM) today granted a license to Amdax, under which the label operates, allowing Novelist to offer regulated crypto asset management in the Netherlands and expand into other EU member states.
MiCAR aims to make the European crypto market safer and more transparent, marking an important step in the industry’s ongoing professionalisation. Novelist is one of the first Dutch platforms to operate under this new regulatory framework. With the license, the Amdax label is also permitted to offer regulated crypto asset management in other EU member states, following notification to the respective local regulators via the so-called passporting mechanism.
“We’re proud to have obtained a license as a young player in the crypto space,” says Daniel den Boer of Novelist. “We believe crypto investing is increasingly essential to securing your financialfuture. At the same time, the market still lacks transparency for many. This new regulation is a step toward maturity and it strengthens our mission to make crypto accessible to the general public.”
Built on a solid foundation
Novelist is a label of Amdax, which in 2020 became the first crypto service provider in the Netherlands to be registered with the Dutch Central Bank. While Amdax focuses on high-net-worth individuals and institutional clients, Novelist makes professional crypto asset management accessible to everyday investors who don’t want to trade or track the market themselves.
“Think of someone in their thirties who invests a small amount in crypto each month without getting lost in price charts,” Den Boer explains. “Novelist gives them access to professionally managed portfolios in a regulated environment.”
The MiCAR license reinforces the strong foundation of risk management, compliance and oversight on which both brands operate. “Novelist embraces this new regulatory framework and offers certainty in a market undergoing major transition”, Den Boer adds.
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About Novelist
Novelist is the first crypto service provider to make crypto asset management accessible to retail investors. As part of Amdax, the leading crypto asset manager for serious investors, we uphold the same high-quality standards. With Novelist, investing in the digital economy is made accessible for a new generation of investors, offering a much lower entry threshold than traditional asset management and eliminating the challenges of independently managing crypto investments.For more information, visit: getnovelist.nl.
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Florian ter Voert