Aave Expands DeFi Horizons: EURC Stablecoin Now Available on Base for Lending and Borrowing Aave, the pioneering decentralized lending and borrowing platform, has launched the EURC stablecoin on the Base layer 2 blockchain. This move expands Aave’s offerings beyond USD-pegged stablecoins and aligns with the EU’s new Markets in Crypto-Assets (MiCA) regulations, offering DeFi users […]
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OKX Secures MiFID II License for EU, Expanding Crypto Trading Options OKX, a leading cryptocurrency exchange, has been granted a MiFID II license, allowing it to offer derivative products to European institutional clients. This milestone follows OKX’s pre-approval under the MiCA framework, showcasing its dedication to regulatory compliance within the European Union. MiFID II license […]
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Crypto Banking Battle: Europe Outpaces US Amid Regulatory Chaos Europe is rapidly emerging as the global leader in crypto-friendly banking, driven by clearer regulatory frameworks and proactive adoption by financial institutions. Meanwhile, the US faces significant challenges with regulatory uncertainty and the closure of key banks, pushing its crypto companies to seek solutions abroad. Europe […]
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OKX Denies EU Investigation Claims Amid Bybit Hack Fallout In a stunning turn of events, OKX has found itself embroiled in controversy following the massive $1.5 billion Bybit hack. The exchange has vehemently denied being under investigation by EU regulators, contrary to a recent Bloomberg report linking OKX’s Web3 service to the laundering of stolen […]
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Circle’s USDC Surges to $8 Billion on Solana Amid MiCA Regulation in 2025 In a bold move signaling a stablecoin revolution, Circle has ramped up its USDC issuance on Solana to an impressive $8 billion in 2025. The surge is driven by increased demand and regulatory changes in Europe, particularly the Markets in Crypto-Assets (MiCA) […]
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Kraken and Crypto.com Set to Launch Proprietary Stablecoins Amid EU Regulatory Changes In a bold move to navigate the regulatory waves of the European Union, cryptocurrency giants Kraken and Crypto.com are preparing to launch their own proprietary stablecoins by 2025, prompted by the stringent requirements of the Markets in Crypto-Assets (MiCA) regulations. Kraken and Crypto.com […]
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European Securities Regulator ESMA Prepares Knowledge Test for Crypto Advisers Picture this: you’re ready to dive into the world of cryptocurrencies, hoping to ride the next big wave. But what if the person guiding you through this volatile ocean lacks the necessary compass? That’s the scenario the European Securities and Markets Authority (ESMA) is determined […]
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Italy Tightens Crypto Regulations For Financial And Cybersecurity Safety Italy is intensifying its regulatory oversight of cryptocurrency firms to strengthen financial safeguards and cybersecurity. The Bank of Italy and Consob, Italy’s financial markets regulator, are actively engaging with crypto service providers to ensure compliance with the European Union’s Markets in Crypto Assets (MiCA) framework. Italy […]
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Kraken to Shutter Tether Trading in Europe by March 31 Kraken, a prominent cryptocurrency exchange, will halt support for Tether (USDT) and other non-compliant stablecoins for its European clients by March 31, 2024, due to the European Union’s Markets in Crypto Assets (MiCA) Regulation. This regulatory push joins Coinbase and Crypto.com in delisting Tether across […]
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Venga’s Bold Leap Towards MiCA Compliance: A Step Closer to EU Expansion Venga, the Barcelona-based crypto app, has initiated its pre-application process for a Markets in Crypto-Assets (MiCA) license, a move that solidifies its commitment to regulatory compliance within the European Union. Venga submits MiCA pre-application to CNMV MiCA effective from December 31, 2024 Compliance-first […]
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