MiCA


Videos

Ripple’s RLUSD Stablecoin Triggers Trading Frenzy

"CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry Tuesday as the launch of Ripple's RLUSD sparked an XRP trading frenzy. Plus, the latest on MiCA and Tether's investment in European stablecoin company StablR.

Ripple’s RLUSD Stablecoin Triggers Trading Frenzy

Finance

Tether Invests in MiCA-Compliant Stablecoin Issuer StablR

The crypto company behind USDT, the largest stablecoin, decided to shutter its own euro-pegged stablecoin and back smaller issuers that comply with the EU's MiCA regulations.

Tether CEO Paolo Ardoino (Tether)

Policy

EU Countries Struggle to Implement MiCA as Deadline for Crypto Regulatory Revamp Looms

EU member states that have yet to adapt local law to implement MiCA by year's end include Belgium, Italy, Poland, Portugal, Luxembourg and Romania, according to a document shared with CoinDesk.

European Union Flags (Antoine Schibler/Unsplash)

Finance

Tether to Shutter Euro Stablecoin as Key MiCA Deadline Looms

The firm's decision comes as crypto companies in the EU prepare to comply with region-wide digital asset rules by the end of this year..

Tether CTO Paolo Ardoino at Paris Blockchain Week on April 14, 2022. (Twitter/Bitfinex, modified by CoinDesk)

Finance

Kraken, Tether-Backed Dutch Firm Rolls Out MiCA-Compliant Euro, U.S. Dollar Stablecoins

The issuance comes at a time when the European stablecoin market is poised for a shake-up as regulations for issuers will enter into full force by the end of this year.

Netherlands flag. (Flickr)

Policy

Coinbase to Delist Unauthorized Stablecoins in EU by December

Tether, which is the largest issuer of stablecoins, doesn't have the necessary e-money license yet in the European Union.

Coinbase CEO Brian Armstrong (CoinDesk)

Policy

Sygnum Unit Receives Liechtenstein License as a Crypto Asset Service Provider

The registration paves the way for the Switzerland and Singapore-based banking group to expand into the European Union and European Economic Area.

Liechtenstein (Unsplash+ / Resource Database)

Policy

EU Regulator Sees Official Journal Publication of Stablecoin Standards Before Year-End

The European Banking Authority estimates that 15 technical standards, including those for stablecoin issuers, will become official before the end of 2024.

The EU's MiCA law starts to take effect at end-2024. (Pixabay)

Policy

France Opens for MiCA Applications, First Among Biggest EU Economies

The French regulator has in the past welcomed crypto companies to register with it.

(Pourya Gohari / Unsplash)

Policy

Crypto Exchange Bybit Withdraws From France in Response to Regulations

"It has always been Bybit's primary objective to operate our business in compliance with all relevant rules and regulations," the company said in its post.

Bybit withdraws from France (Mantas Hesthaven / Unsplash)