EU approves 53 crypto firms under MiCA, Binance and Tether missing
Main Idea
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.
Key Points
1. MiCA, the EU's unified crypto regulation framework, went into full force on December 30, 2024.
2. 14 licensed stablecoin issuers from seven countries and 39 MiCA-authorized crypto-asset service providers are now listed.
3. Major companies like Coinbase, Kraken, Bitstamp, and N26 are among the authorized providers.
4. Tether has not obtained a MiCA license, leading to its delisting from platforms such as Coinbase and Crypto.com.
5. Regulators have flagged over 35 crypto companies as non-compliant CASPs, with Italy's CONSOB leading enforcement.
Description
Six months into the European Union’s full enforcement of MiCA, the EU has authorized 53 crypto-related entities to operate legally across its 30-country economic area. According to a July 7 update shared by Patrick Hansen, Director of EU Strategy & Policy at Circle, the list now includes 14 licensed stablecoin issuers from seven countries and 39 MiCA-authorized crypto-asset service providers. Coinbase, Kraken, Bitstamp, and N26 are among the companies that can now “passport” their services throu...
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