Binance is looking to obtain a MiCA license across Europe using France as the gateway. This came as a following apparent setback in Greece. The opposition of the application appears to have been spearheaded by The President of the European Central Bank, Christine Lagarde. In addition, there have been reports
The European crypto market is facing immense pressure due to the MiCA deadline. The European Union’s MiCA wants exchanges, brokers, and cryptocurrency service providers to procure proper authorization before offering their services to customers across the bloc. The transition period to obtain licenses expires on July 1. This leaves the
Danske Bank has introduced cryptocurrency-related investment products to its trading platform, allowing customers to gain exposure to Bitcoin and Ethereum through exchange-traded products. The move comes from higher client demand and clearer regulations in Europe. Danske eBanking and Danske Mobile Banking customers can invest in ETPs, which track both Bitcoin
KuCoin has assigned Sabina Liu, ex-London Stock Exchange Group (LSEG) official, to head its European business, assigning her with steering the exchange’s Markets in Crypto Assets Regulation (MiCA) expansion from Vienna after safeguarding a crypto asset service provider licence in Austria. Liu, serving as managing director of KuCoin EU, formerly
Binance has recently submitted an application to authorise under the European Union’s Markets in Crypto-Assets Regulation (MiCA) in Greece as regulators alert of emerging compliance deadlines. The spokesperson of Binance acknowledged that the exchange had filed for a MiCA licence in Greece and was working with the financial regulator of
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
