Crypto.com Exchange Secures ‘In-Principle’ MiCA License, Paving the Way for Full European Union Approval

January 18, 2025 The Daily Hodl

The Singapore-based exchange Crypto.com has secured an “in-principle” license to operate under the European Union’s new digital asset regulatory framework. Crypto.com bills itself as the “first major global crypto asset service provider” to receive a Markets in Crypto Assets (MiCA) approval. MiCA is new EU legislation that establishes rules covering the supervision, consumer protection and […]

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EU’s new ‘DORA’ rules come into effect: What does it mean for crypto?

January 17, 2025 Coin Telegraph

Bitcoin

Europe’s Digital Operational Resilience Act now applies to crypto businesses, expanding MiCA’s scope and requiring firms to enhance cybersecurity and risk management.

Cryptocurrency businesses in the European Union are subject to new cybersecurity regulations as the Digital Operational Resilience Act (DORA) takes effect on Jan. 17.

DORA impacts cybersecurity and resilience practices by virtual asset service providers (VASP) in the region.

To comply with DORA, financial entities in the EU are required to have a comprehensive register of their contractual arrangements with third-party IT service providers to ensure safe infrastructure and risk management.

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Standard Chartered debuts crypto services in Europe with new license

January 9, 2025 Coin Telegraph

bank

Banking giant Standard Chartered is debuting crypto services in Europein Europe via its new Luxembourg entity after securing a digital asset license under the MiCA framework.

Update (Jan. 9, 3:40 pm UTC): This article has been updated to add a comment about custody and trading from Standard Chartered.

Standard Chartered, one of the world’s largest banks, is debuting cryptocurrency services in Europe after obtaining a digital asset license in Luxembourg.

The bank announced on Jan. 9 that it is establishing a new entity in Luxembourg to act as its European Union regulatory entry point for offering crypto and digital asset custody services.

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Tether USDT’s market cap drop linked to ‘seasonal holiday lull’

January 6, 2025 Coin Telegraph

Bitcoin

Tether USDt’s trading has fallen $100 billion since mid-December, but it “may be premature to turn bearish,” according to Matrixport.

A recent multibillion-dollar decline in Tether USDt’s market capitalization and volumes is not enough to suggest a bearish turn on markets, according to the crypto financial services platform Matrixport.

Tether’s USDt (USDT) stablecoin has recorded a 2.8% market cap drop since peaking at $141 billion on Dec. 19, 2024, according to data from CoinGecko.

USDT trading has also seen a massive decline in the past few weeks, with daily volumes plummeting 64% from around $154 billion in mid-December to $55 billion on Jan. 6, 2025.

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EU silence does not make USDT MiCA-compliant, says exec

December 27, 2024 Coin Telegraph

Binance

While MiCA’s implementation phase is ending on Dec. 30, 2024, there is also a transitional 18-month phase in MiCA’s total 36-month timeline.

The European Union’s cryptocurrency regulations are set to take full effect in just a matter of days, but there’s still a significant amount of uncertainty on Tether’s USDt stablecoin.

United States crypto exchange Coinbase delisted Tether’s USDt (USDT) in mid-December, citing compliance with the EU’s Markets in Crypto-Assets Regulation (MiCA).

After Coinbase’s USDT delisting, the stablecoin has continued trading across the EU, with many exchanges apparently awaiting more clarity from European authorities on USDT’s compliance with MiCA.

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German watchdog orders Worldcoin to delete non-compliant data

December 19, 2024 Coin Telegraph

Anonymity

German regulators demand compliance changes from World ID after a biometric data investigation.

Update (Dec. 19 and 15:12 UTC): This article has been updated to clarify that, in May 2024, Worldcoin deleted all data from its old iris code to comply with local regulations.

German data protection authority, the Bavarian State Office for Data Protection Supervision (BayLDA), has issued corrective measures for the digital identity project World, formerly known as Worldcoin, over its handling of biometric data.

The BayLDA announced on Dec. 19 that it had concluded its investigation into World’s compliance with the European Union’s General Data Protection Regulation (GDPR).

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‘No to CBDC, yes to Bitcoin’ — European MP calls for EU BTC reserve

December 17, 2024 Coin Telegraph

Bitcoin

The European Parliament’s Sarah Knafo said it’s time to stop “totalitarian temptations” by the European Central Bank and adopt Bitcoin.

European lawmaker Sarah Knafo called on the European Union to establish a strategic Bitcoin reserve while rejecting the proposed adoption of the “digital euro,” a central bank digital currency (CBDC) under development by the European Central Bank (ECB).

Knafo, a French magistrate and a member of the European Parliament since June, delivered a pro-Bitcoin (BTC) speech, calling on European lawmakers to launch a strategic BTC reserve.

“No to the digital euro, yes to a strategic Bitcoin reserve,” Knafo said in an X post, which included a video of her speech before the European Parliament.

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Coinbase prepares to delist Tether’s USDT stablecoin in Europe

December 12, 2024 Coin Telegraph

Coin Telegraph

Coinbase said it will assess reenabling services for stablecoins that achieve MiCA compliance at a later date.

Cryptocurrency exchanges in Europe are preparing to delist locally noncompliant stablecoins as European crypto regulations near an enforcement deadline.

Coinbase Europe, Coinbase Germany and Coinbase Custody International will delist Tether’s USDt (USDT) and five other stablecoins on Dec. 13, Coinbase told Cointelegraph on Thursday.

“Based on the latest information, we currently expect we will have to restrict services for the following assets: USDT, PAX, PYUSD, GUSD, GYEN, and DAI,” Coinbase said, referring to the coins as assets restricted by Europe’s Markets in Crypto-Assets Regulation (MiCA).

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Europe’s Coinbase users frustrated as MiCA forces sunset of USDC yield

November 29, 2024 Coin Telegraph

Circle

Some Coinbase users are airing frustrations at the region’s MiCA laws, which are forcing the exchange to stop offering yields on USDC in the European Economic Area.

Coinbase users in Europe shared frustrations over the region’s crypto regulations after the exchange said it is ending its yield offering on the dollar-pegged stablecoin USD Coin (USDC) for some users.

In a Nov. 28 email that multiple recipients posted on X, Coinbase said due to the European Union’s Markets in Crypto-Assets (MiCA) laws for stablecoins, it “will be sunsetting the USDC rewards program” on Dec. 1.

The change will affect customers in the European Economic Area (EEA), a 30-nation bloc that includes all 27 EU member states along with Iceland, Norway and Liechtenstein. The email said those eligible will still accrue rewards for the next two days until Nov. 30.

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Revolut Launches Standalone Crypto Exchange Across Europe

November 14, 2024 Bitcoin.com

bitcoin.com

Revolut is expanding the international reach of its digital asset services with the rollout of Revolut X in 30 new countries across Europe. This expansion follows the standalone crypto platform’s launch in the UK in May, where it was designed to cater to both professional and retail crypto traders. Revolut X offers advanced trading features […]

Europe

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