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 market capitalization of cryptocurrency in South Korea has exceeded 100 trillion won or $74.8 billion. With these numbers, the daily transaction volumes of crypto have now surpassed the nation’s stock markets. Due to this, everyone in the nation is concerned about excessive speculative trading, as a report suggests that
Binance declared the closure of spot trading for Tether (USDT) in the European Economic Area (EEA). Binance executes this policy to follow the Markets in Crypto-Assets Regulation (MiCA) under European Union legislation. MiCA creates an extensive regulatory system targeted at managing stablecoins though it focuses primarily on specifying reserve rules
Markets in Crypto Assets (MiCA) came into effect on December 30, 2024 to regularize the crypto industry in Europe. The increasing adoption and recognition of digital assets has made it mandatory to bring clear regulatory policies. However, its guidance over stablecoin issuance is unclear so far. The issue came to
Leading crypto exchange Binance announced earlier today that it is going to delist several stablecoins. The major reason behind this update is the MiCA crypto regulation policy. Being the top crypto exchange by trading volume, this act will have a significant impact on the adoption of these stablecoins. As per
OKX has secured a MiCA license, enabling it to expand its crypto services across 28 European Economic Area (EEA) nations. This approval positions OKX among the first global exchanges to operate under the Markets in Crypto-Assets (MiCA) framework, providing a unified regulatory approach in Europe. With its regulatory hub in
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
The prominent Crypto exchange Crypto.com recently announced the launch of Cronos exchange-traded fund (ETF) in 2025. The development arises amid growing institutionalization interest in the crypto sector. Moreover, according to their released roadmap, the ETF filing will take place in 2025, the fourth quarter. The other details about the proposed
Kraken to Delist USDT and Stablecoins in Europe Kraken will remove Tether’s USDT and four other stablecoins from its European market to comply with the upcoming Markets in Crypto-Assets (MiCA) regulations. The delisting will happen in stages, with complete removal set for March 31, 2025. Along with USDT, the affected
Intesa Sanpaolo, the largest banking group in Italy, has taken a step toward investing in cryptocurrency. The bank’s proprietary trading division has acquired 11 Bitcoins. It marked the first instance of a credit institution in Italy purchasing and trading cryptocurrencies. The digital assets trading and investment team of Intesa Sanpaolo
