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Category MiCA News

Binance CEO Says MiCA Is Backfiring as EU Users Move Beyond Regulators’ Reach

Binance CEO Says MiCA Is Backfiring as EU Users Move Beyond Regulators’ Reach

In Brief Binance says 70% of exiting EU users moved funds to self-hosted wallets. Only 30% of withdrawn assets went to MiCA-licensed platforms, co...
AscendEX Exchange Collapse Hands Europe Its First MiCA Test 

AscendEX Exchange Collapse Hands Europe Its First MiCA Test 

In Brief ESMA launched its first MiCA supervisory review, targeting CASP custody resilience. Regulators will probe key management, smart contracts...
Europe’s MiCA Did Not Approve a Single Asset Under This Category

Europe’s MiCA Did Not Approve a Single Asset Under This Category

In Brief Not one company has issued an ART stablecoin two years into MiCA. The empty category contrasts with 280 licensed CASPs and 21 EMT issuers...
MiCA Shake-Up? Binance Logs Highest Weekly Outflows in Over 3 Years

MiCA Shake-Up? Binance Logs Highest Weekly Outflows in Over 3 Years

In Brief Binance logged $1.23 billion in weekly outflows, its highest in over three years. Binance wound down EU services days before the July 1 M...
German Banks to Open Crypto Trading for 50 Million Customers

German Banks to Open Crypto Trading for 50 Million Customers

In Brief Germany's savings and cooperative banks will offer crypto trading inside their own apps. DZ Bank's meinKrypto is live in the VR Banking A...