In a major regulatory push, the Bank of France has called for reinforcing the European Union’s crypto regulatory framework, specifically around stablecoin payments, as questions grow over whether existing rules are sufficient to manage the risks posed by these digital…
Key Takeaways The European Securities and Markets Authority (ESMA) has identified serious shortcomings in how Malta’s financial regulator approved a crypto asset service provider (CASP) license under the new Markets in Crypto-Assets (MiCA) regulation. In a peer review report published…
Key Takeaways Two leading cryptocurrency exchanges, Gemini and Coinbase, are nearing approval to operate across the European Union under the bloc’s new Markets in Crypto-Assets (MiCA) framework, according to a Reuters report. Gemini is reportedly finalizing its licensing process through…
Key Takeaways Leading crypto custody firm, BitGo has received regulatory approval from Germany’s Federal Financial Supervisory Authority (BaFin) to operate under the Markets in Crypto-Assets Regulation (MiCA) framework across EU. This license permits the Frankfurt-based firm to deliver digital asset…
Key Takeaways Leading Crypto exchange Kraken has announced plans to remove support for several stablecoins, including Tether (USDT), across the European Economic Area (EEA) as the European Union’s Markets in Crypto-Assets Regulation (MiCA) takes full effect. The decision aligns with…
Key Takeaways The European Securities and Markets Authority (ESMA) has finalized a comprehensive package of regulatory technical standards (RTS) and guidelines necessary for implementing the Markets in Crypto-Assets Regulation (MiCA). European Union is now preparing for MiCA’s full application, scheduled…
Key Takeaways Crypto ownership in the UK has grown to 12% of the adult population, up from 10% last year, as per new research from the Financial Conduct Authority (FCA). Awareness of cryptocurrencies also reached 93% of UK adults, reflecting…
Key Takeaways With the European MiCA Regulation’s provisions on crypto-asset services coming into force, the Autorité des Marchés Financiers (AMF) has begun accepting applications for authorization to become a crypto-asset service provider. Starting July 1, 2024, firms offering any of…
The ESMA has released a new Opinion outlining the severe risks associated with international crypto companies that apply for partial authorization under the MiCA regulation.
Under the MiCA regulation, the EBA has published a complete set of technical standards and guidelines that offer regulatory guidance for EMTs and ARTs throughout Europe.
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