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MiCA
Ex-Binance Executives Launch EURØP Stablecoin, Secure €7 Million Round
- EURØP is 1:1 euro-pegged, fully backed by cash, and will launch on Ethereum and Polygon.
- Schuman Financial complies with MiCA through a French e-money license, enabling SEPA access.
Tuesday, 26/11/2024 | 12:53 GMT by
Tareq Sikder
CySEC Starts to Accept Crypto Licence Applications Under MiCA, but No Deadline on Decision
- The regulator stated that it may prioritise applications from entities that are locally regulated.
- It highlighted that although MiCA will be implemented on 30 December, there is no deadline for regulatory decisions.
Wednesday, 13/11/2024 | 07:47 GMT by
Arnab Shome
Cyprus Sets the Clock for Crypto: October 30 Deadline Looms, CASPs Applications Suspended
- CySEC has set the final date for accepting notifications from EEA crypto firms under national rules.
- Moreover, the Cypriot regulator will no longer accept new applications for Crypto-Asset Service Providers.
Thursday, 17/10/2024 | 09:29 GMT by
Damian Chmiel
ESMA Responds to Commission's Proposed Amendments to MiCA for Cryptos
- Recommendations include requiring cybersecurity audit results and verifying management reputation for CASPs.
- The opinion has been sent to the Commission, European Parliament, and Council, which have three months respond to the RTS.
Wednesday, 16/10/2024 | 13:46 GMT by
Tareq Sikder
MiCA Crypto Alliance: Regulatory Consensus or Diverging Approaches to Digital Assets?
- The alliance aims to assist crypto companies in complying with the MiCA regulations.
- It brings together major blockchain firms like Hedera, Aptos Foundation, and Ripple.
Thursday, 26/09/2024 | 13:29 GMT by
Sam White
Kraken Ramps Up European Presence by Acquiring BCM, Elevates Crypto Offering
- The acquisition enables the firm to operate as a registered VASP in France and Poland.
- BCM clients will have access to over 200 digital assets, improved liquidity, and 24/7 support in local languages.
Tuesday, 24/09/2024 | 09:05 GMT by
Tareq Sikder
Exclusive: “ASIC Is Monitoring the Emergence of Prop Trading Firms”
- Finance Magnates recently interviewed Dr Rhys Bollen, ASIC's Digital Assets Senior Executive Leader, discussing the regulator’s focus areas and challenges.
- “An area for future focus for ASIC is the distribution of CFDs by issuers via emerging channels, such as ‘prop trading’ services,” he said.
Wednesday, 14/08/2024 | 13:40 GMT by
Arnab Shome
Exclusive: “Prop Trading Will Fall under Robust Regulation at Some Point”, CySEC Chair
- Dr. George Theocharides confirmed to Finance Magnates that “there will certainly be more scrutiny on [prop trading] firms in the near future.”
- He further pointed out that there will be “a lot of scrutiny across Europe” under MiCA and seeks judicial reform in Cyprus.
Tuesday, 16/07/2024 | 10:44 GMT by
Yam Yehoshua
ESMA Releases Second Final Report on MiCA: European Commission to Review
- The draft provides guidelines for sustainability indicators, business continuity, trade transparency, orderbook content, and public disclosures.
- The report details requirements for the readability of white papers and record-keeping by CASPs.
Thursday, 04/07/2024 | 15:10 GMT by
Tareq Sikder
Circle Becomes First Stablecoin Issuer to Comply with MiCA Regulations
- Circle can now issue USDC and EURC stablecoins in the EU, approved by France’s banking regulator.
- The MiCA regulations, including stablecoin rules, started in May 2023, with full compliance required by July 2026.
Monday, 01/07/2024 | 15:40 GMT by
Tareq Sikder
European Banking Authority to Finalize Stablecoin Monitoring Rules This Month
- The new regulations prohibit stablecoins from facilitating more than 1 million transactions or exceeding daily transaction values of 200 million euros.
- Transactions involving parties outside the EU may be excluded from the cap calculations, but those with at least one party within the EU are likely to be counted.
Thursday, 27/06/2024 | 14:23 GMT by
Jared Kirui
MiCA and Its Impact: What You Need to Know about the EU's Latest Crypto Regulation
- This regulation aims to provide legal certainty and enhance consumer protection with compliance checks.
- It mandates digital asset issuers to publish detailed white papers on crypto-assets, including potential risks and environmental impacts.
Thursday, 27/06/2024 | 13:40 GMT by
Sarafina Wolde Gabriel
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