BingX EU has secured authorization under the European Union’s Markets in Crypto-Assets Regulation (MiCA). The license allows the company to prepare for a wider rollout of regulated cryptocurrency services across the European Economic Area (EEA). Austria’s Financial Market Authority (FMA) granted the license to MEGE zweite GmbH, the legal entity
Circle’s USDC has become the first stablecoin in the European Union to be classified as a significant e-money token under MiCA. It is the EU’s comprehensive crypto asset regulatory framework. The European Banking Authority made the designation after assessing USDC against the criteria set out in the regulation. It makes
France is considering a change to its cryptocurrency tax rules that could make certain stablecoin conversions taxable from January 1, 2027. The proposal would apply the country’s existing 31.4% flat tax on eligible crypto capital gains when investors exchange cryptocurrencies for certain euro- or dollar-pegged stablecoins. The measure is included
The European Securities and Markets Authority (ESMA) has called on national regulators to ensure that crypto-asset service providers (CASPs) stop offering services tied to stablecoins that do not comply with the Markets in Crypto-Assets Regulation (MiCA). In addition, the firms must address remaining client exposures as soon as possible and
European crypto users are showing greater trust in regulated platforms following the rollout of the European Union’s Markets in Crypto-Assets (MiCA) framework, according to Bitpanda co-CEO Christian Trummer. Speaking on Cointelegraph’s Chain Reaction, Trummer said users now have “more faith” in regulated market participants. He also argued that the wider
Binance is facing regulatory scrutiny across Europe over its use of MiCA’s reverse solicitation exemption, a legal provision that allows non-EU companies to serve European clients, but only when those clients independently seek out the relationship without any solicitation or marketing from the firm. The European Securities and Markets Authority,
Greece has entered the European Union’s MiCA crypto regulatory register with four crypto-asset service providers, marking the country’s first appearance in the European Securities and Markets Authority’s (ESMA) updated list. The four Greek firms are BCASH, Xenios Blockchain Group, Capital Wallet Greece and Piraeus Bank. They appear in ESMA’s register
Poland’s crypto regulation battle hit yet another milestone with the failure of the lawmakers to overcome President Karol Nawrocki’s third veto. The Sejm voted by 241 to 198 to reject the veto, while 3 representatives abstained from voting. Nevertheless, it takes at least 266 votes to override a veto, which
Ripple received CASP approval from the Luxembourg-based Commission to be compliant with the EU’s MiCA regulations. This approval enables the firm to offer regulated crypto asset services. Also, across the entire European Economic Area through a single license granted by Luxembourg. Before receiving this CASP approval, the company was already
One of the world’s leading cryptocurrency exchanges, Binance, is facing functional and operational disruption across Europe. The country’s Markets in Crypto-Assets, namely MiCA, had already announced a July 1 deadline for crypto companies. This was to obtain authorization licence for smooth operations. This left the unlicensed firms in terror, as
