Platforms like Gemini and OKX are gearing up for MiCA licences, yet uneven regulatory muscle is stirring debate. Two big crypto names—Gemini, run by the famous Winklevoss twins, and OKX—are on deck to get EU-wide licences under the new Markets in Crypto‑Assets (MiCA) rule. That means once approved, they’ll be
Binance will now offer Syrian nationals to trade in cryptocurrencies following the easing of the United States and European Union sanctions last month. The natives of Syria can now leverage the platform to trade assets such as Bitcoin, as per the firm’s announcement on June 12. The decision of the
Switzerland is planning to automatically share crypto-associated data with 74 partner countries, including the United Kingdom and all European Union member states. The government of Switzerland announced on June 6 that it has adopted a bill to permit the automatic exchange of information (AEOI) on crypto with partner countries. The
Backpack has launched withdrawals for former FTX EU customers, allowing them to reclaim frozen euro balances. However, crypto withdrawals remain unavailable. The move marks a significant step in returning trapped funds following 2022 collapse. The claims process officially began on May 12, months after Backpack acquired FTX EU in January
A digital asset trust company, BitGo, recently got a MiCA license from BaFin. The license will permit the firm to offer regulated crypto services over the European Union. On May 12, BitGo announced through a blog post that the firm had received a license from Germany’s Federal Financial Supervisory Authority
The European Union has finalized its decision to ban privacy coins and anonymous cryptocurrency wallets by July 1, 2027, marking a decisive turn in the bloc’s anti-money laundering (AML) strategy. Under the newly adopted Anti-Money Laundering Regulation (AMLR), crypto assets that enable anonymous transactions—such as Monero (XMR), Zcash (ZEC), and
The European Central Bank (ECB) warned of a probable repercussion from excessive US support for the crypto industry. As per the Bank, an increase in dollar-backed stablecoins could lead to the destabilization of the financial system of Europe. The expansion of dollar-backed stablecoins is to expand the overall reach of
Crypto exchange Crypto.com has secured approval to provide its services across all the member countries of the European Economic Area (EEA). The approval, which is under the Markets in Crypto Assets Regulation (MiCA), will let the platform widen its services. The milestone solidifies its place in the European digital asset
Concern about and disputes regarding the sale of now-defunct FTX exchange’s European arm FTX EU to Backpack Exchange. Which is a cryptocurrency trading and wallet company. Backpack had amassed drinking curls based on the purported acquisition of FTX EU by $32.7 million. While the FTX bankruptcy estate showed that the
On June 29, European Parliament members had already enacted the TFR. FATF members are chosen by their countries, not by a democratic process. MiCA (Markets in Crypto-Assets), the E.U.’s major legislative plan to manage the crypto-asset business in its 27 member nations, received the green light on the final day
