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MiCA
Exclusive: “ASIC Is Monitoring the Emergence of Prop Trading Firms”
- Finance Magnates recently interviewed Dr Rhys Bollen, ASIC's Digital Assets Senior Executive Leader, discussing the regulator’s focus areas and challenges.
- “An area for future focus for ASIC is the distribution of CFDs by issuers via emerging channels, such as ‘prop trading’ services,” he said.
Wednesday, 14/08/2024 | 13:40 GMT by
Arnab Shome
Exclusive: “Prop Trading Will Fall under Robust Regulation at Some Point”, CySEC Chair
- Dr. George Theocharides confirmed to Finance Magnates that “there will certainly be more scrutiny on [prop trading] firms in the near future.”
- He further pointed out that there will be “a lot of scrutiny across Europe” under MiCA and seeks judicial reform in Cyprus.
Tuesday, 16/07/2024 | 10:44 GMT by
Yam Yehoshua
ESMA Releases Second Final Report on MiCA: European Commission to Review
- The draft provides guidelines for sustainability indicators, business continuity, trade transparency, orderbook content, and public disclosures.
- The report details requirements for the readability of white papers and record-keeping by CASPs.
Thursday, 04/07/2024 | 15:10 GMT by
Tareq Sikder
Circle Becomes First Stablecoin Issuer to Comply with MiCA Regulations
- Circle can now issue USDC and EURC stablecoins in the EU, approved by France’s banking regulator.
- The MiCA regulations, including stablecoin rules, started in May 2023, with full compliance required by July 2026.
Monday, 01/07/2024 | 15:40 GMT by
Tareq Sikder
European Banking Authority to Finalize Stablecoin Monitoring Rules This Month
- The new regulations prohibit stablecoins from facilitating more than 1 million transactions or exceeding daily transaction values of 200 million euros.
- Transactions involving parties outside the EU may be excluded from the cap calculations, but those with at least one party within the EU are likely to be counted.
Thursday, 27/06/2024 | 14:23 GMT by
Jared Kirui
MiCA and Its Impact: What You Need to Know about the EU's Latest Crypto Regulation
- This regulation aims to provide legal certainty and enhance consumer protection with compliance checks.
- It mandates digital asset issuers to publish detailed white papers on crypto-assets, including potential risks and environmental impacts.
Thursday, 27/06/2024 | 13:40 GMT by
Sarafina Wolde Gabriel
MiCA Is Already Here: Binance Restricts EU Users from Copy Trading and Many Stablecoins
- Major crypto exchange announces sweeping changes to comply with new EU regulations.
- This means the end of copy trading in the EEA and a limitation to only three "authorized" stable tokens.
Wednesday, 26/06/2024 | 07:07 GMT by
Damian Chmiel
Are Crypto Players Ready for MiCA?
- The MiCA regulations will expand to Titles III and IV from June 30.
- Clarity, consumer protections, good, overregulation and increased compliance costs, bad.
- Companies understand MiCA, but there are concerns about readiness and implementation.
Wednesday, 26/06/2024 | 06:28 GMT by
Louis Parks
MiCA Regulations Force Binance to Overhaul Stablecoin Services
- By the end of the month, unauthorized stablecoins on Binance will switch to a "sell-only" mode for EEA users.
- Restrictions will also apply to P2P trading, Binance OTC, Web3 Wallet's Earn section, and NFT purchases.
Monday, 03/06/2024 | 20:26 GMT by
Jared Kirui
EU Takes Aim at Multi-Currency Stablecoin Regulation with EBA Draft
- ARTs can reference multiple currencies and assets, unlike traditional stablecoins.
- Stablecoin regulations may be enforced this summer, preceding the broader MiCA framework for December.
Wednesday, 13/03/2024 | 13:00 GMT by
Tareq Sikder
“We Are So Close, Yet So Far”: Industry Leaders Unveil Insights on Crypto Regulation
- The FMLS panelists of “Crypto Regulation after FTX” agreed that success relies on collaboration.
- The talk stressed faster rule updates through industry-regulator dialogue.
Thursday, 28/12/2023 | 08:57 GMT by
Tareq Sikder
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