Topic: #mica
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Bitcoin.de says BaFin rejected its MiCA bid, plans partner-run restart
Bitcoin.de operator Futurum Bank AG says BaFin refused its MiCA authorization, so the platform plans to move trading and custody to two regulated German partners. It hasn't named the partners or set a restart date.
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ESMA gives MiCA firms until January 2027 to drop non-compliant stablecoins like USDT
ESMA told MiCA-authorized crypto firms on October 8 to stop dealing in non-compliant stablecoins by January 8, 2027, a three-month wind-down in which Tether's USDT is the most prominent token affected, per Crypto Briefing.
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ESMA asks EU to bar custody and transfers of non-MiCA-compliant stablecoins
ESMA's September 30 response to the EU's MiCA review asks the Commission to prohibit every licensable service involving non-compliant stablecoins, custody and transfers included, CryptoSlate reported.
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AllUnity launches USDAU as EU stablecoin issuers make case for dollar tokens
European stablecoin issuers including AllUnity, Stable Mint and SG-Forge told Cointelegraph that businesses still need regulated dollar tokens, as the EU reviews MiCA and the ECB raises concerns.
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Binance's use of MiCA exemption draws EU regulator scrutiny, FT reports
ESMA and regulators in France, Germany and Greece are examining Binance's use of MiCA's reverse solicitation exemption, the FT reported. Separately, ESMA wants stronger powers over non-EU crypto firms.
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Bitget CEO 'not very optimistic' on recovering $388 million lost in hack
Bitget CEO Gracy Chen said she's not very optimistic about recovering much of the $388 million stolen from the exchange. Bitget has launched a bounty, and NEAR Intents says it blocked more than $50 million in attempted transfers.
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ECB proposes liquidity thresholds to replace MiCA stablecoin deposit rules
The European System of Central Banks wants to replace mandatory bank-deposit requirements for stablecoin reserves with liquidity thresholds, citing risks that sudden withdrawals could strain lenders during a stablecoin run.
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ECB proposes liquidity-focused alternative to MiCA's stablecoin reserve rule
The European Central Bank submitted a formal response to the European Commission recommending elimination of MiCA's percentage-based bank-deposit mandate for stablecoins, proposing instead a liquidity-focused framework requiring reserves to mature within one to five working days.
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Banks double MiCA provider share to 23% on ESMA register
Banks now represent nearly one in four providers on ESMA's MiCA register after roughly doubling their presence since late June, driven largely by German lenders entering the crypto-asset services market.
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Bybit pursues MiFID II license for crypto-stocks trading in Europe
Bybit secured MiCA authorization in May 2025 and launched its European platform at bybit.eu by July. The exchange is now pursuing a MiFID II license to offer regulated derivatives alongside crypto and traditional assets across the EEA.
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MiCA Deadline Forces 3,000+ European Crypto Firms to Shut Down or Comply
As Europe's transitional MiCA licensing period ends July 1, over 3,000 pre-licensed crypto firms must shut down or comply with new rules. Only 244 firms have secured MiCA authorization so far, with compliance costs reaching into millions.
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Binance suspends EU services after missing MiCA license deadline
Binance notified European Union users it will suspend services and stop accepting new registrations because it failed to obtain a MiCA license by the July 1 regulatory deadline. The exchange withdrew its Greece application and plans to seek authorization in France instead.
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Binance restricts EU services July 1 after failing to secure MiCA authorization
Binance will halt onboarding of new EU users and limit certain services starting July 1 under MiCA rules after failing to gain authorization from a member state. Existing users can withdraw assets and manage positions.
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Ripple wins MiCA approval from Luxembourg, eyes EU expansion
Ripple received preliminary approval for a Crypto Asset Service Provider license under the EU's MiCA regulation, clearing the path to offer stablecoin payment systems across Europe.
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Ripple Wins CASP License in Luxembourg Under EU MiCA
Ripple received preliminary approval for a Crypto Asset Service Provider (CASP) license from Luxembourg's financial regulator, enabling the company to offer regulated crypto and stablecoin services across the European Economic Area under MiCA once final conditions are met.
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Ledger CTO: MiCA compliance costs lock out Web3 startups
Charles Guillemet, CTO at Ledger, warned that the EU's MiCA regulation has created a two-tier market where only well-funded firms can afford compliance, leaving early-stage innovators locked out and handing competitive advantage to legacy financial institutions.