MiCA News

Binance names Gillian Lynch as head of Europe and UK to lead its MiCA compliance and expansion across regulated crypto markets.

In the latest episode of Byte-Sized Insight we explore the evolving crypto regulatory strategies of the US, EU and UK with insights from Gemini’s head of Europe.

Bitpanda’s public affairs lead, Benedikt Faupel, told Cointelegraph that while MiCA brings long-awaited regulatory clarity, harmonization is still lacking.

Peter Märkl, general counsel at Bitcoin Suisse, suggested that EU and Swiss stablecoin regulations could benefit from greater flexibility.

USDC transactions on BitPay accounted for almost double that of USDT in 2024, but the trend has shifted in favor of Tether this year.

With rising rates and over $100 billion in reserves, Tether turned monetary policy into profit, and it’s not alone.

AllUnity, a stablecoin joint venture by Deutsche Bank and DWS, has received a BaFin license in Germany to issue a MiCA-compliant euro stablecoin, EURAU.

Bybit and OKX have both launched MiCA-compliant crypto exchanges in the EU, marking a significant push into Europe’s newly unified regulatory landscape.

Paxos launched the Global Dollar stablecoin in the EU, claiming MiCA compliance and support from Kraken, Robinhood and Mastercard under the GDN initiative.

Bitvavo’s chief risk officer Jeetan Patel says the process of securing a MiCA license “progressed efficiently.”

The EU’s joint stablecoin issuance with third countries has risks, but they are manageable under the MiCA framework, the European Commission said.

Several exchanges have announced MiCA licenses this year, following requirements being enforced in 2024 to offer digital asset services in the EU.

Ethena Labs and Germany’s BaFin agreed on a 42-day USDe redemption plan, marking the end of a months-long regulatory dispute.

MiCA’s licensing clarity helped Europe capture crypto flows as US retail activity declined despite a crypto-friendly Trump administration.

A new OMFIF blog warns the UK is losing its early advantage in digital asset regulation, as the EU enforces MiCA and the US advances with the Genius Act.