BITPRISMIA
Hungary's new cryptocurrency regulations impose severe restrictions and criminalize certain crypto activities, creating legal ambiguity and diverging from the EU's MiCA framework, which aims to integrate crypto with consumer protection and market integrity.
Tether's dominance in the stablecoin market is under threat from regulated rivals, and it plans to discontinue USDT support on five blockchains by September 2025.
Europe's MiCA regulation has seen progress in its first six months, with stablecoin issuers and crypto asset service providers (CASPs) obtaining licenses, though challenges remain for non-compliant firms and asset-referenced token issuers.
The European Securities and Markets Authority (ESMA) is reviewing Malta's cryptocurrency licensing framework under MiCA, highlighting gaps in Malta's Financial Services Authority's (MFSA) authorization processes and urging EU-wide regulatory alignment.
The European Securities and Markets Authority (ESMA) is scrutinizing Malta's adherence to MiCA regulations, particularly concerning a 'fast-tracked' authorization process for a crypto asset service provider (CASP), suspected to be OKX, raising concerns about regulatory thoroughness and integrity.
The European Securities and Markets Authority (ESMA) has conducted a peer review of Malta's application of the MiCA regime, questioning the timing of the authorization of a specific crypto asset service provider (CASP).
The European Union's MiCA regulation has authorized 53 crypto entities, marking a significant step towards a regulated crypto market in the EU, with implications for global crypto standards.
The EU's MiCA regulation has led to 14 licensed stablecoin issuers and 39 authorized crypto-asset service providers, with notable companies like Coinbase and Kraken included, while Tether remains unlicensed.
Bybit and OKX are expanding into the EU under the MiCA Regulation, marking a significant step towards regulated crypto exchanges and mainstream adoption in Europe.
Deutsche Bank’s DWS, along with Galaxy Digital and Flow Traders, has launched EURAU, a euro-denominated stablecoin compliant with the EU’s MiCA regulation, marking a significant step in integrating traditional finance with digital assets.