4 / 8 Relevant items tagged with #MiCa

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EU Regulators Publish Batch of Draft Rules for Stablecoins Under MiCA

[Mar 13, 2024 6:01 AM] The draft Regulatory Technical Standards (RTS) lay out requirements for issuers when dealing with complaints about stablecoins referencing multiple currencies.

Upcoming High-Level EU Financial Policy Talks Could Steer Crypto Oversight: Source

[Feb 14, 2024 1:20 PM] An informal document shared among EU officials shows digital finance, and thereby crypto, topping a list of priorities to be discussed.

The Big Misunderstanding: What MiCA Really Means for Stablecoins in Europe

[Feb 6, 2024 12:32 PM] The EU's comprehensive crypto guidance does not introduce entirely new regulations for fiat backed stablecoins, former central banker Jón Egilsson writes. Instead it affirms existing rules that many current issuers are not yet following.

Crypto Winter In Spain? New Taxes Target Digital Assets

[Feb 5, 2024 2:00 PM] In a move that could have ripple effects across Europe, Spain is tightening its grip on crypto monitoring and seizing digital assets for tax debts. The Ministry of Finance, led by María Jesús Montero, is spearheading legislative reforms to grant…

Spanish Treasury Proposes Tax Reform to Allow Cryptocurrency Seizures

[Feb 5, 2024 1:30 AM] The Spanish Treasury is proposing a tax reform to allow the seizure of cryptocurrency assets when liquidating tax debts. According to local sources, the proposal would also allow the state administration to embargo these digital assets as it is…

Crypto Needs Cohesive Regulation – A Look at Europe’s MiCA

[Jan 24, 2024 10:45 AM] From the U.S. to South Asia, jurisdictions are creating a patchwork of crypto regulatory regimes, making international business harder. Europe, with its bloc-wide Markets in Crypto-Assets Regulation (MiCA), is different.

Crypto Industry Cautiously Welcomes Agreement on New EU AML Rules

[Jan 19, 2024 3:00 AM] Customer due diligence requirements for crypto firms may be more stringent than for banks, policy watchers told CoinDesk.

EU Banking Watchdog Extends Anti-Money Laundering Measures to Cover Crypto Firms

[Jan 16, 2024 7:55 AM] The European Banking Authority issued new guidance for crypto firms that will come into effect on Dec. 30, 2024.

Reports Suggest That Binance is Reviewing the Status of Privacy Coins on Its Platform

[Jan 15, 2024 4:00 PM] Recent reports from members of the Zcash community indicate that Binance, the largest cryptocurrency exchange, would be preparing to review all privacy coins listed on its platform and possibly delist some. The exchange has been in talks with…

EU Industry Input 'Really Important' to Stablecoin Rulemaking Under MiCA, EBA Officials Say

[Jan 11, 2024 4:58 AM] During a Thursday hearing on proposed guidelines for stablecoin issuers, European Banking Authority officials urged stakeholders to engage with regulators to "start on the right footing."

EU Banking Watchdog to Deepen Probe of Links Between Banks, Crypto Entities: FT

[Jan 3, 2024 2:57 AM] The European Banking Authority (EBA) will take additional steps to anticipate how strains in non-bank financial institutions (NBFIs), including cryptocurrency-related entities, will affect banks.

Ripple Registered With Central Bank of Ireland

[Dec 22, 2023 11:30 PM] Ripple is now registered as a virtual asset service provider with the Central Bank of Ireland. The company explained that it will “seek to provide services to clients across the European Economic Area once the Markets in Crypto Assets…

Robinhood Broadens Crypto Service to Europe, Notes Region's Digital Asset Regulation

[Dec 7, 2023 10:21 AM] The company said it chose Europe to anchor its crypto expansion outside the U.S. because of the region's comprehensive rules.

FTX collapse, Binance’s US settlement provide strong case for MiCA regulations

[Nov 23, 2023 3:41 AM] European Commission policy officer Ivan Keller highlights high-profile centralized exchange shortcomings as key reasons for the implementation of MiCA regulations in Europe.

The Global Movement to Promote Crypto Tax Transparency — What You Need to Know

[Nov 15, 2023 9:58 AM] In Europe and the U.S., there are a host of initiatives placing new requirements on participants in digital asset markets to report on transactions and meet other new provisions.

EU Banking Watchdog Seeks Feedback on Draft Liquidity, Capital Rules for Stablecoin Issuers

[Nov 8, 2023 7:09 AM] Three consultations on relevant rules will run until Feb. 8, 2024, the European Banking Authority has said.

Spain Brings Forward MiCA Crypto Rules by Six Months After EU Pressure

[Oct 31, 2023 4:00 AM] The government hopes the move, potentially affecting the likes of Binance and Coinbase, will bring greater regulatory clarity.

Spain to implement MiCA six months ahead of July 2026 deadline

[Oct 31, 2023 1:58 AM] The country said EU crypto rules will come into force in December 2025, ahead of the general deadline for implementing MiCA for all 27 member states of the EU.

Standard Chartered-Backed Zodia Markets Gains Registration in Ireland

[Oct 27, 2023 4:03 AM] Ireland is emerging as an attractive destination for crypto firms; Coinbase designated the country as its EU hub earlier this month.

Crypto Shareholder Requirements Set Out by EU Banking Regulators

[Oct 20, 2023 8:09 AM] Controls on staff bonuses at crypto exchanges and wallet providers are also planned as the bloc prepares for its landmark crypto law, MiCA.

European Banking Authority, ESMA issue crypto entity suitability guidelines

[Oct 20, 2023 3:55 AM] The joint guidelines include granting authorization for ART and CASP issuance and conducting prudential assessments for potential acquisitions.

Coinbase Picks Ireland for EU Hub With MiCA Law Set to Open European Market

[Oct 19, 2023 2:51 AM] Forthcoming European laws known as MiCA will allow the exchange to serve the entire EU bloc with a single license.

European Regulator Clarifies MiCA Timeline — Warns No Such Thing as Safe Crypto Asset

[Oct 18, 2023 8:30 PM] The European Securities and Markets Authority (ESMA) is preparing to implement the Markets in Crypto-Assets Regulation (MiCA). The regulator has issued several crypto warnings that investors and users of crypto services providers should be aware…

Crypto investor protections won’t take effect in EU until late 2024

[Oct 17, 2023 7:15 AM] Crypto asset service providers may not benefit from full rights and protections afforded to them under MiCA until as late as July 2026, the ESMA said.

EU Regulator Warns of ‘Opaque’ Crypto Firms as It Seeks to Close MiCA Loopholes

[Oct 17, 2023 4:00 AM] The European Securities and Markets Authority doesn’t want foreign companies operating via EU “letterbox” entities

Defi Not a Risk to Financial Stability Yet, EU Securities Regulator Reports

[Oct 13, 2023 1:30 AM] Decentralized finance (defi) brings risks for investors but is yet to pose “meaningful risks” to financial stability, according to Europe’s securities watchdog. The agency believes, however, the phenomenon deserves attention in light of the EU’s�

Bitstamp Courts European Banks as Region's Incoming Crypto Rules Boost Confidence

[Oct 9, 2023 9:27 AM] The longest-running crypto exchange says three European banks are in talks about offering crypto services – a stark contrast to the U.S., where firms are wary amid a regulatory crackdown.

European regulator publishes second consultation on MiCA

[Oct 6, 2023 2:55 AM] The regulator will publish a final report based on feedback received and submit the draft technical standards to the European Commission by June 2024.

Head of Portugal Central Bank deems crypto unsustainable, calls for global regulation

[Oct 3, 2023 2:53 AM] Mário Centeno praised the European Union’s first comprehensive crypto framework, MiCA, but insisted on further international consolidation of regulatory efforts.

Gemini to halt operations in the Netherlands by mid-November

[Sep 29, 2023 3:35 AM] The company cites the inability to meet regulators’ requirements but says it intends to return to the Dutch market.