MiCA

The post USDT in Danger: The Impact of MiCA Regulations appeared first on Coinpedia Fintech News Tether (USDT), one of the most popular stablecoins in the crypto world, is facing a big danger. The European MiCA (Markets in Crypto Assets) regulations are making things tough. These new rules could seriously impact Tether’s operations in Europe. Paolo Ardoino, CEO of Tether and CTO of Bitfinex, explains that MiCA is putting strict limits on the volume and issuance of stablecoins. It also…

Dubai, United Arab Emirates, July 16th, 2024, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, supports the recent approval of USDC as the first stablecoin issuer under the European Union's Markets in Crypto Assets (MiCA) framework. This landmark decision marks a significant step towards a more mature and institutionalized crypto market within the entire European Union. MiCA's most significant aspect lies in its uniform implementation across all EU member states. This creates a harmonized crypto regulatory environment, eliminating…

Circle, the popular issuer of Stablecoin USDC has announced the launch of its Euro-backed stablecoin EURC on Coinbase’s Ethereum layer-2 network, Base. This marks a significant milestone for stablecoin EURC as it was only exclusive on Avalanche, Ethereum, Solana, and Stellar. Circle, the issuer of popular stablecoins USDC and EURC, has expanded its reach by launching EURC on Coinbase’s Ethereum layer-2 network, Base. This is a significant moment for Base and EURC as it is the EURC’s first time that…

The post Circle Execs Outline Impact Of MiCA On Broader Crypto Market appeared first on Coinpedia Fintech News Circle executives reveal the potential impact of MiCA on the broader crypto market. The Director of Strategy and Policy at Circle has highlighted the profound changes MiCA will bring and predicts that the EU crypto landscape is expected to localize, institutionalize, and consolidate with the MiCA entering the market. He further noted that MiCA’s introduction could lead to a more professional and…

Cryptocurrency firm Circle has achieved a significant milestone by securing registration as an electronic money institution (EMI) in France. This move grants Circle a crucial license to operate as a compliant stablecoin issuer under the European Union’s rigorous crypto laws.  Circle Breakthrough According to a CNBC report, the approved license positions Circle as the first global stablecoin issuer to achieve compliance with the European Union’s regulatory framework known as Markets in Crypto-Assets (MiCA).  This framework, considered a cornerstone in the…

Circle becomes the first global stablecoin issuer compliant with EU’s MiCA regulations for USDC and EURC. MiCA framework sets rigorous standards ensuring USDC and EURC’s legality as electronic money in Europe. Circle has made a groundbreaking announcement today, July 1st, marking a significant milestone in the financial landscape. The company has become the first global stablecoin issuer to comply with the new EU regulations, specifically the Markets in Crypto Assets (MiCA) framework. This development allows Circle to officially issue both…

The post Bitstamp Enhances Its Offerings Ahead Of MiCA Regulation appeared first on Coinpedia Fintech News Bitstamp has confirmed its enhancements in offerings ahead of the Markets in Crypto-Assets Regulation (MiCA) coming into force in the European Union on June 30. EUR-denominated stablecoin EURT will be delisted ahead of the June 30 deadline. EMTs that are not Euro-denominated and are already available on the exchange but not within MiCA regulation, will not be delisted, although their availability to European customers…

The exchange maintains its support for USDT in Europe despite upcoming MiCA regulations. Kraken is actively exploring solutions to comply with MiCA while keeping USDT accessible to European traders. Following a recent report from Cryptocurrency News Flash (CNF), Kraken, a leading U.S.-based cryptocurrency exchange, has unveiled a new division aimed at providing tailored services to institutional investors, focusing on capturing a significant portion of the burgeoning Bitcoin ETF market. Simultaneously, it has been confirmed that Kraken will reaffirm its USDT…

The European Union has taken a major step toward the regulation of cryptocurrencies within the region. In a recent vote, the European Parliament Committee on Economic and Monetary Affairs (ECON) showed almost unanimous support for forthcoming crypto regulation policies. 28 Members Vote in Support and 1 Against Committee member, Stefan Berger revealed in a Twitter post that the ECON has approved the Markets in Crypto-Assets framework, MiCA. Berger described the move as “good news” in a tweet announcing the vote.…