Latest News and Articles about MiCA
OKX Fined $1.2M by Malta for AML Breaches Amid Global Regulatory Scrutiny
OKX Hit with $1.2M Fine from Maltese Authorities for Breaching AML Rules OKX, a leading cryptocurrency exchange, has been fined over $1.2 million by Malta’s Financial Intelligence Analysis Unit (FIAU) for breaching Anti-Money Laundering (AML) regulations. The fine was a result of a compliance examination in April 2023, which highlighted serious violations in OKX’s Customer […]
Read MoreMiCA’s Limited Impact on RWA Tokenization: Financial Institutions Lead the Charge
MiCA Won’t Shape the Future of RWA Tokenization: A Closer Look The European Union’s Markets in Crypto-Assets Regulation (MiCA) has been hailed as a major step forward in the world of digital asset regulation. Yet, according to Elisenda Fabrega, General Counsel at Brickken, MiCA isn’t poised to be the game-changer for the tokenization of real-world […]
Read MoreAave Boosts DeFi with EURC Stablecoin on Base: MiCA Compliance Expands Options
Aave Expands DeFi Horizons: EURC Stablecoin Now Available on Base for Lending and Borrowing Aave, the pioneering decentralized lending and borrowing platform, has launched the EURC stablecoin on the Base layer 2 blockchain. This move expands Aave’s offerings beyond USD-pegged stablecoins and aligns with the EU’s new Markets in Crypto-Assets (MiCA) regulations, offering DeFi users […]
Read MoreOKX Gains EU MiFID II License, Boosts Crypto Derivatives Trading
OKX Secures MiFID II License for EU, Expanding Crypto Trading Options OKX, a leading cryptocurrency exchange, has been granted a MiFID II license, allowing it to offer derivative products to European institutional clients. This milestone follows OKX’s pre-approval under the MiCA framework, showcasing its dedication to regulatory compliance within the European Union. MiFID II license […]
Read MoreEurope Surges Ahead in Crypto Banking as US Struggles with Regulation
Crypto Banking Battle: Europe Outpaces US Amid Regulatory Chaos Europe is rapidly emerging as the global leader in crypto-friendly banking, driven by clearer regulatory frameworks and proactive adoption by financial institutions. Meanwhile, the US faces significant challenges with regulatory uncertainty and the closure of key banks, pushing its crypto companies to seek solutions abroad. Europe […]
Read MoreOKX Denies EU Probe Amid Bybit Hack: $1.5B Stolen by Lazarus Group
OKX Denies EU Investigation Claims Amid Bybit Hack Fallout In a stunning turn of events, OKX has found itself embroiled in controversy following the massive $1.5 billion Bybit hack. The exchange has vehemently denied being under investigation by EU regulators, contrary to a recent Bloomberg report linking OKX’s Web3 service to the laundering of stolen […]
Read MoreCircle’s USDC Hits $8 Billion on Solana Amid MiCA Boost in Europe
Circle’s USDC Surges to $8 Billion on Solana Amid MiCA Regulation in 2025 In a bold move signaling a stablecoin revolution, Circle has ramped up its USDC issuance on Solana to an impressive $8 billion in 2025. The surge is driven by increased demand and regulatory changes in Europe, particularly the Markets in Crypto-Assets (MiCA) […]
Read MoreKraken and Crypto.com to Launch Proprietary Stablecoins in Response to EU’s MiCA Regulations
Kraken and Crypto.com Set to Launch Proprietary Stablecoins Amid EU Regulatory Changes In a bold move to navigate the regulatory waves of the European Union, cryptocurrency giants Kraken and Crypto.com are preparing to launch their own proprietary stablecoins by 2025, prompted by the stringent requirements of the Markets in Crypto-Assets (MiCA) regulations. Kraken and Crypto.com […]
Read MoreESMA Proposes Knowledge Test for Crypto Advisers to Boost Industry Standards
European Securities Regulator ESMA Prepares Knowledge Test for Crypto Advisers Picture this: you’re ready to dive into the world of cryptocurrencies, hoping to ride the next big wave. But what if the person guiding you through this volatile ocean lacks the necessary compass? That’s the scenario the European Securities and Markets Authority (ESMA) is determined […]
Read MoreItaly Tightens Crypto Regulations: Aligns with EU’s MiCA for Financial and Cyber Safety
Italy Tightens Crypto Regulations For Financial And Cybersecurity Safety Italy is intensifying its regulatory oversight of cryptocurrency firms to strengthen financial safeguards and cybersecurity. The Bank of Italy and Consob, Italy’s financial markets regulator, are actively engaging with crypto service providers to ensure compliance with the European Union’s Markets in Crypto Assets (MiCA) framework. Italy […]
Read MoreKraken Halts Tether Trading in Europe by March 31 Due to MiCA
Kraken to Shutter Tether Trading in Europe by March 31 Kraken, a prominent cryptocurrency exchange, will halt support for Tether (USDT) and other non-compliant stablecoins for its European clients by March 31, 2024, due to the European Union’s Markets in Crypto Assets (MiCA) Regulation. This regulatory push joins Coinbase and Crypto.com in delisting Tether across […]
Read MoreVenga Initiates MiCA Pre-Application, Aiming for EU Crypto Expansion
Venga’s Bold Leap Towards MiCA Compliance: A Step Closer to EU Expansion Venga, the Barcelona-based crypto app, has initiated its pre-application process for a Markets in Crypto-Assets (MiCA) license, a move that solidifies its commitment to regulatory compliance within the European Union. Venga submits MiCA pre-application to CNMV MiCA effective from December 31, 2024 Compliance-first […]
Read MoreCrypto.com Delists Tether by 2025 Due to EU’s MiCA Regulations
Crypto.com Delists Tether: Navigating the EU’s Regulatory Storm Crypto.com’s decision to delist Tether (USDT) by January 31, 2025, marks a significant shift in the crypto world, driven by the EU’s stringent Markets in Crypto-Assets (MiCA) regulations. Crypto.com delisting Tether (USDT) by January 31, 2025 EU’s MiCA regulations demand compliance USDT’s non-compliance raises concerns Shift towards […]
Read MoreCrypto.com First to Secure EU MiCA Approval, Paving Way for Unified Crypto Regulation
Crypto.com Leads the Charge with EU’s MiCA Approval In a groundbreaking development announced on January 17, 2025, Crypto.com has become the first global cryptocurrency exchange to secure preliminary approval under the EU’s new Markets in Crypto-Assets (MiCA) regulatory framework, enabling seamless operations across all 27 member states. Crypto.com first to receive MiCA approval in EU […]
Read MoreBoerse Stuttgart Secures First EU MiCA License: A Milestone in Crypto Regulation
Boerse Stuttgart Pioneers with EU’s MiCA License: A New Era for Crypto Regulation Boerse Stuttgart Digital Custody has become the first German crypto provider to secure a license under the Markets in Crypto-Assets Regulation (MiCA), marking a pivotal moment for crypto regulation in Europe. This milestone highlights the potential for regulated infrastructure to drive mainstream […]
Read MoreBinance Poland Tightens KYC for EU Compliance: Impact on Users and Future Plans
Binance Poland to Adjust Deposit and Withdrawal Procedures for EU Compliance Binance Poland users, prepare to channel your inner accountant. Starting January 20, 2025, new rules will make depositing and withdrawing your crypto as fun as filling out a tax return. These changes are part of a broader effort to comply with the European Union’s […]
Read MoreDutch AFM Grants First MiCA Licenses: MoonPay, Hidden Road, BitStaete, ZBD Lead the Way
Dutch AFM Grants First MiCA Licenses to Four Crypto Firms: A Step Towards Unified Crypto Regulation in the EU The Dutch Authority for the Financial Markets (AFM) has issued the first four Virtual Asset Service Provider (VASP) licenses under the new Markets in Crypto-Assets (MiCA) regulation. MoonPay, Hidden Road, BitStaete, and ZBD are among the […]
Read MoreChainGPT Boosts Security with ChainAware’s Anti-Fraud Tech and AML Compliance
ChainGPT Fortifies Platform Security with ChainAware’s Anti-Fraud Technology On January 15th, 2025, ChainGPT announced a strategic integration with ChainAware’s cutting-edge anti-fraud and Anti-Money Laundering (AML) technologies, aiming to enhance platform security and compliance with global regulations such as the Markets in Crypto-Assets Regulation (MiCA). ChainGPT integrates ChainAware’s anti-fraud and AML technologies Enhances compliance with global […]
Read MoreIntesa Sanpaolo Buys $1M in Bitcoin: A First for Italian Banks
Intesa Sanpaolo Invests $1 Million in Bitcoin: A Milestone for Italian Finance Intesa Sanpaolo, Italy’s largest banking group, has made a significant leap into the cryptocurrency arena by purchasing 11 Bitcoin worth around $1 million. This bold move marks the first time an Italian financial institution has directly invested in Bitcoin, signaling a notable shift […]
Read MoreEU’s MiCA Regulations to Surge Euro Stablecoin Demand, Says JPMorgan
EU’s MiCA Regulations Set to Boost Euro Stablecoins: JPMorgan’s Forecast JPMorgan predicts a significant rise in the demand for euro-denominated stablecoins due to the EU’s new MiCA regulations, which took effect on December 30, 2024. Despite initial concerns in the crypto community, these regulations are poised to encourage European financial institutions to adopt euro stablecoins, […]
Read MoreStandard Chartered Launches EU Crypto Custody via Luxembourg Amid MiCA
Standard Chartered Launches Crypto Custody Services in EU via Luxembourg Entity Amid MiCA Regulation Standard Chartered, a leading traditional bank, has set its sights on the European Union’s burgeoning crypto market by establishing a new entity in Luxembourg. This move, announced on January 9, leverages the EU’s new Markets in Crypto Assets (MiCA) regulation, positioning […]
Read MorePortugal’s BiG Bank Blocks Crypto Transfers Amid EU’s Tightening Regulations
Portugal’s Bank Slams the Door on Crypto Transfers Amid EU’s Tightening Grip Portugal’s largest bank, Banco de Investimentos Globais (BiG), has unexpectedly blocked fiat transfers to cryptocurrency platforms, aligning with the European Union’s new anti-money laundering and counter-terrorism financing regulations. This move marks a departure from Portugal’s previously crypto-friendly stance, with the introduction of a […]
Read MoreGaranti BBVA Kripto Launches Crypto Trading in Europe with Bit2Me
Garanti BBVA Kripto: Turkey’s Leading Bank to Launch Crypto Trading Services in Europe Is Europe ready for a banking revolution? Garanti BBVA Kripto thinks so, and they’re bringing crypto trading to the continent through a strategic partnership with Bit2Me. This move by Turkey’s fifth largest bank, backed by BBVA, could signal a broader trend of […]
Read MoreTether Bolsters Bitcoin Reserves by $700M Amid EU Regulatory Storm
Tether Boosts Bitcoin Reserves with $700 Million Transfer Amid Regulatory Challenges In a bold move amidst regulatory storms, Tether has transferred a staggering $700 million in Bitcoin to its reserves. This strategic maneuver highlights Tether’s commitment to steering the Bitcoin wave with a $700 million paddle. Tether transferred 7,629 BTC to its reserve Largest transaction […]
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