Four leading cryptocurrency exchanges have recently secured full licenses under the European Union’s Markets in Crypto-Assets Regulation (MiCA). MiCA, which became effective on December 30, 2024, provides a unified regulatory framework for crypto-asset service providers (CASPs) operating across the European Economic Area (EEA). Crypto.com announced on January 27 that its Malta entity received a MiCA...Read More
Ripple’s RLUSD stablecoin is rapidly gaining traction in the European crypto landscape. The MiCA-compliant token has greatly benefited from the strategic launch at a time when the bloc is undergoing a significant regulatory shift. RLUSD Finds Opportunity in USDT’s European Decline According to CryptoQuant’s analysis, RLUSD has already processed 33,953 transactions on the XRP Ledger...Read More
Tether, the largest stablecoin issuer, has added $700 million worth of Bitcoin to its reserves. This development comes as CEO Paolo Ardoino addresses the fear, uncertainty, and doubt (FUD) surrounding USDT’s status in Europe following MiCA’s implementation deadline on December 30. Details From the Latest Purchase According to on-chain data from Arkham Intelligence, Tether transferred...Read More
In 2024, euro-backed stablecoins emerged as a critical driver of growth in the European cryptocurrency market, bolstered by the implementation of the Markets in Crypto-Assets Regulation (MiCA). In fact, these tokens have notched a new record in terms of monthly volumes after attracting liquidity and institutional players across the region. MiCA Spurs Euro-Backed Stablecoin Adoption...Read More
American crypto exchange Coinbase will stop offering rewards to holders of the USD Coin (USDC) stablecoin located in the European Economic Area (EAA) on November 1. In a note to clients, the exchange explained that the move had been triggered by “new requirements for e-money tokens” that are expected to come into effect with the...Read More
Robinhood Markets’ crypto subsidiary is expanding its cryptocurrency offerings in the EU by enabling customers the ability to deposit and withdraw more than 20 different digital assets including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USD Coin (USDC). Robinhood debuted its crypto trading service in the EU in December of last year. While users could buy...Read More
The MiCA regulation has created an increased demand for compliant stablecoin, with Circle’s USDC emerging as a primary beneficiary of the trend. In fact, USDC is leading the demand for regulated stablecoins, according to French blockchain analytics firm Kaiko. Increased Demand For USDC After MiCA In its latest report, Kaiko revealed that non-compliant stablecoins account...Read More
A popular New York-based crypto exchange, Uphold, announced the delisting of six stablecoins in response to the upcoming MiCA regulation in the European Union, including Tether (USDT) – the largest of the cohort. This decision aligns with the Markets in Crypto Assets (MiCA) regulation, which fully takes effect on June 30th, 2024. Passed into law...Read More
Last year, the European Union unanimously voted for the Markets in Crypto Assets (MiCA) bill, considered by most to be the first comprehensive piece of legislation addressing the crypto industry as a whole. MiCA is, in itself, part of a larger set of financial laws known as DORA – but it has also given many...Read More