MiCA has made it mandatory for crypto asset trading service providers to secure their license to be able to operate in European countries. Its policies became effective and improved the regulatory environment for crypto in Europe at the beginning of this year. Bybit is the latest crypto exchange that secured
Tether’s withdrawal of USDT, the world’s most actively traded stablecoin, from the European market in response to MiCA regulations has created a humongous $150 billion liquidity gap. This sudden withdrawal has presented an opportunity for Ripple’s RLUSD to take dominance. The EU’s MiCA regulation that came into force in December
Crypto.com, a crypto exchange company from Singapore, recently received a license that allowed it to provide crypto financial derivatives in the European Economic Area. On May 21, the company announced that it had secured a Markets in Financial Instruments Directive (MiFID) license. On the matter, the co-founder and the chief
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
