MiCA | ForkLog

ForkLog 47 18.02.2025

OKX Secures MiCA License, Expands Operations Across Europe

OKX has officially become one of the first global cryptocurrency exchanges to secure a MiCA license and passport its services within the European Economic Area (EEA). OKX is Now Live Across 28 EEA Countries ?? With MiCA licensing secured, we’re passporting regulated crypto services across Europe—offering local payment methods and secure, seamless access to 400M+ […]

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ForkLog 22 12.02.2025

Kuna to Delist USDT, Hryvnia, and Several Other Currencies

Starting March 3, the cryptocurrency exchange Kuna will delist several cryptocurrencies to comply with MiCA regulations and align with virtual asset service provider standards. Clients of the platform have been notified accordingly. The following currencies will be removed: USDT; DAI; UAH; KUN Token; ZEC; DASH. Holders of these assets are advised to transfer them to […]

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ForkLog 29 20.01.2025

Gemini Establishes Malta Hub to Comply with MiCA

The Gemini exchange has chosen Malta as a hub to ensure compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulation. The decision is driven by the country’s authorities encouraging the development of fintech innovations and the crypto ecosystem. In December 2024, the company received a license to service virtual financial assets from the MFSA. […]

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ForkLog 20 17.01.2025

Binance to tighten crypto deposit and withdrawal procedures in Poland

The crypto exchange Binance warned users in Poland about changes to cryptocurrency deposit and withdrawal procedures. According to the notice, from 20 January clients must provide their full name, country, and the name of the exchange (if applicable) for the following operations: for deposits over €1000 — the sender’s details; for withdrawals of any amount […]

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ForkLog 25 10.01.2025

MiCA will boost euro-denominated stablecoins, says JPMorgan

The Markets in Crypto-Assets (MiCA) rules that took effect in the EU on 30 December 2024 have laid the groundwork for growth in euro-denominated stablecoins, according to a JPMorgan report, CoinDesk reported. Under the law, only compliant stablecoins may be used as trading pairs on regulated markets. As a result, EU-based platforms have adjusted their […]

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ForkLog 26 31.12.2024

USDT Market Capitalisation Declines Amid MiCA Implementation

On December 30, the EU’s MiCA regulation for digital assets came into effect. The market capitalisation of the leading stablecoin USDT declined from over $141 billion in mid-month to approximately $137.5 billion. The new rules impose stringent requirements on stablecoin issuers, including licensing, reserve standards, and liquidity norms. Agne Linge from WeFi commented to The […]

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ForkLog 51 27.12.2024

USDT’s Legal Status Under MiCA Remains Uncertain

The lack of clear guidance from officials leaves the future of the USDT stablecoin in the EU ambiguous following the full implementation of the MiCA legislation. This was stated by Juan Ignacio Ibañez, a member of the MiCA Crypto Alliance’s technical committee, in an interview with Cointelegraph. “No regulator has explicitly stated that USDT does […]

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ForkLog 28 18.12.2024

Bybit to Halt Withdrawals for French Users

The cryptocurrency exchange Bybit has informed its users in France of the cessation of all services from January 8, 2025. The company attributed this decision to changes in local legislation. Affected users have been advised to withdraw their assets before the service termination. After the withdrawal closure, all accounts with assets of 10 USDC or […]

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ForkLog 48 29.11.2024

Coinbase to Halt USDC Rewards in EU Due to MiCA Regulations

On December 1, 2024, Coinbase will cease its rewards program for USDC holders in the EU, as announced in a client letter dated November 28. MICA is kicking in -> Sunsetting USDC Rewards in the EU Due to MiCA @coinbase @circle pic.twitter.com/8GCGlpt8Xd — Marina Markezic (@MarinaMarkezic) November 28, 2024 Under this program, Coinbase clients earn […]

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ForkLog 21 18.11.2024

Kraken and Tether Back Launch of EU-Regulated Stablecoins

The Dutch fintech firm Quantoz has announced the launch of two stablecoins compliant with MiCA regulations, following investments from Fabric Ventures, Kraken, and Tether. Quantoz Payments Issues Euro and US Dollar Stablecoins and receives an investment from Fabric Ventures, Kraken and Tether. Read the full press release with statements from @ahansjee (@fabric_vc), @marklg (@krakenfx), @paoloardoino […]

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ForkLog 5 05.10.2024

Coinbase to Restrict Access to Certain Stablecoins in the EU

Coinbase users in the European Union will lose access to stablecoins that do not comply with the MiCA legislation. This was reported by The Block, citing a statement from the cryptocurrency exchange. “Given our compliance obligations, we intend to restrict services to users in the [EEA] for stablecoins that do not meet MiCA requirements by […]

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ForkLog 40 10.08.2024

Tether CEO Criticises MiCA as a Threat to Stablecoins and Banking

Paolo Ardoino criticised MiCA for its stringent rules requiring stablecoin issuers to hold at least 60% of reserves in the EU. The Tether CEO recalled the bankruptcy of Silicon Valley Bank, which led to the USDC depeg. By mid-2025, Tether will double its workforce, increasing the number of employees to 200. The European legislative proposal […]

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