MiCA | ForkLog

ForkLog 11 03.06.2024

Binance to Restrict Access to Certain Stablecoins in the EU

Cryptocurrency exchange Binance has alerted users to upcoming restrictions due to new stablecoin regulations coming into effect within the European Economic Area (EEA). Under upcoming MiCA rules some stablecoins will face restrictions as unauthorized stablecoins. Binance won’t delist any unauthorized stablecoins on spot but will limit their availability for EEA users only on certain products, […]

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ForkLog 8 18.05.2024

Kraken Evaluates Potential Delisting of USDT in the EU

The cryptocurrency exchange Kraken is “actively reviewing” the status of the stablecoin USDT in light of new EU regulatory rules, reports Bloomberg. “We have contingency plans for all scenarios, including situations where listing specific tokens like USDT is simply not prudent. We are actively reviewing this matter and will make firm decisions once the position […]

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ForkLog 13 06.04.2024

MakerDAO Founder Warns of Potential DeFi Challenges in the EU

Rune Christensen, the founder of MakerDAO, has indicated that European financial regulators are “highly likely” to interpret DeFi interfaces in a manner that would necessitate a MiCA license. Heard today that there’s a good chance all EU national financial regulators will interpret DeFi frontends to require a MiCA license. This would make DeFi frontends on […]

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ForkLog 50 05.02.2024

What is Markets in Crypto-Assets (MiCA)?

What is MiCA? Markets in Crypto-Assets (MiCA) is a bill to regulate cryptocurrencies in the European Union. It sets rules that apply to issuers of unbacked digital assets and stablecoins, as well as trading and custody platforms. The document aims to protect investors and consumers across the EU’s 27 countries, and to foster transparency and […]

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ForkLog 5 24.11.2023

Ukrainian MP signals plan for new cryptocurrency regulation

In six months, Ukraine will see new variants of the Law on Virtual Assets and a bill on taxation of crypto-asset operations.

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ForkLog 13 22.09.2023

Journalists assess EU jurisdictions’ attractiveness for crypto firms

Of the 2,000 registered crypto firms in the EU, 938 are based in Poland—nearly twice as many as Lithuania in second place (499).

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ForkLog 8 30.08.2023

How to launch a crypto-processing service in Europe — as told by WhiteFlo

In May 2023 the Council of the European Union approved the regulation governing the crypto-asset market (MiCA), thereby easing the authorisation process for providers of crypto-asset services. Together with AXIOMA, the developer of WhiteFlo’s white-label crypto-payment processing solution, we explain what is needed to launch a crypto-processing service in the EU. MiCA will come into force in 2024.

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ForkLog 5 02.08.2023

MiCA rules deemed ‘overly burdensome’ for Ukraine’s bitcoin market

The requirements of the European cryptocurrency regulation MiCA are too harsh for Ukraine's blockchain sector and could limit competition in the market.

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ForkLog 4 25.07.2023

EBA to impose additional rules on stablecoin issuers

Stablecoin issuers whose reserves consist of derivatives or covered bonds will face additional regulation. This stems from the draft of new EBA rules, CoinDesk reports.

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ForkLog 7 15.06.2023

Opinion: MiCA Opens Europe a Window of Opportunity Amid US Uncertainty

The introduction of a unified regulatory framework in the EU will pave the way for the mass adoption of cryptocurrencies that the industry has awaited for years. This view was expressed to ForkLog by the developers of the crypto-payment processing solution WhiteFlo.

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ForkLog 4 08.06.2023

Ukraine presents bill to tax bitcoin operations

The National Commission on Securities and the Stock Market of Ukraine presented a draft law regulating the taxation of cryptocurrency operations, and an updated text of the Law on Virtual Assets incorporating MiCA.

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ForkLog 7 23.05.2023

Ukraine allows partial adoption of MiCA rules in the initial phase

For Ukraine to fully launch its crypto industry, it is enough to adopt only the basic, most important MiCA provisions.

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