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Impact of MiCA on Crypto Exchange Operations. MiCA introduces significant changes, pushing crypto exchanges to adjust their offerings, fees, and services to meet stricter rules. Exchange Offerings. MiCA requires exchanges to remove tokens that fail to meet compliance standards.

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Stablecoin’s regulatory uncertainty in the EU. Michael Hilliard succeeded Hoegner, the exchange’s former general counsel who was with the company since 2014 until his retirement. Crypto.com receives its full MiCA license🇪🇺 is extremely proud to be the first major global crypto asset service provider to receive in-principle approval of its MiCA Licence 🇪🇺The licence will enable the company to passport services across the EU under the new MiCA regulatory framework.The… pic.twitter.com/JMWEmGSzb3— Crypto.com (@cryptocom) January 17, 2025The exchange recently received a MiCA license courtesy of the Malta Financial Services Authority (MFSA). The exchange claimed to be the first crypto asset service provider to receive a full MiCA license, which allows it to provide crypto services for users across the entire EU region. The licensing came a few weeks after the exchange received an in-principle MiCA license. Crypto.com reiterated its support for the EU crypto regulatory framework and confirmed that MiCA regulations will provide regulatory transparency and clarity and build confidence in the crypto sector. The exchange’s president and COO, Eric Anziani, established the exchange’s commitment to expanding in the EU as a growing crypto hub. The Crypto.com executive commended the EU’s efforts to design and implement a comprehensive framework to streamline crypto service across the region.Anziani mentioned that the exchange looked forward to working with the union to provide European clientele with compliant services under the direction of the MiCA regulatory framework. The COO further highlighted that the company had focused on acquiring the MiCA license over the past few years. “Securing a MiCA licence has been a major priority for us in recent years, and receiving this approval further cements our continued commitment to being the most compliant and regulated crypto platform globally.”~ Eric Anziani, Crypto.com’s President and COOThe MiCA license is one of the many licenses the exchange has accrued over the past few years, including Dubai’s Virtual Assets Service Provider license (VASP), Australian Financial Services License, U.S. Designated Contracts Market (DCM), Singapore’s Major Payment Institution license (MAS), and UK’s Electronic Money Institution license (FCA). Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

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Crypto.com recently announced that it will delist Tether’s stablecoin USDT on January 31 to comply with the Markets in Crypto-Assets Regulations (MiCA). The exchange also revealed that it will delist nine other tokens, including Crypto.com Staked ETH, Crypto.com Staked SOL, DAI, PAX Dollar, PAX Gold, PayPal USD, XSGD, and Wrapped Bitcoin.Crypto.com continued that it will disable deposits for the affected tokens after delisting. However, withdrawals will remain open until the end of the first quarter of this year. The centralized exchange joins Coinbase as one of the first crypto service providers in the European Union to delist USDT.The exchange’s spokesperson confirmed holders of the delisted coins will have until March 31 to convert their assets to MiCA-compliant alternatives. The spokesperson also warned that the exchange will automatically convert assets to MiCA-approved stablecoins or assets for users who fail to convert their assets by the given deadline. The decision comes after the European Securities and Markets Authority (ESMA) urged exchanges to drop non-compliant tokens. ESMA released a public statement on January 17 mentioning the need for crypto asset service providers (CASPs) to align their services in compliance with the MiCA regulations. The authority, which is one of the major watchdogs overseeing the implementation of the MiCA framework, encouraged National Competent Authorities (NCAs) to provide guidance to exchanges and other CASPs. ESMA explained that NCAs will ensure consistency and orderliness during the legislation’s implementation throughout the region. USDT has lost ground since last year due to the regulatory uncertainty in the EU. The stablecoin, which held at above $150 billion last year has shed several billion dollars since MiCA’s implementation. Its market cap stands at a little over $139 billion. The stablecoin company had previously expressed concern about the systemic risk MiCA regulations would cause huge stablecoin companies like Tether. According to the company’s CEO, Paolo Ardoino, the new regulations demanding 60% of stablecoin reserves in the EU to be in Euros places stablecoin users at risk. Ardoino also highlighted the risks of a 100,000 Euro insurance limit for cash deposits, which puts larger companies at risk. The Tether CEO also suggested that the lack of full insurance coverage could lead to stablecoins depegging in case of major financial risks. Ardoino speculated that the MiCA regulations could not protect users in that case. Tether has also experienced significant changes since the introduction of MiCA regulations, including its general counsel leaving after the

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Our white paper scoring tool. The technological ingenuity in implementing a human-in-the-loop model for MiCA compliance radically lowers costs and assists our members in producing documents that are not just compliant but also compelling, fostering trust and confidence among investors, regulators, and other stakeholders alike.Track Record Writing Numerous MiCA White PapersUniform Best Practice SystemLegal AdvisorsSustainability Data Providers£20,000 (Alliance Membership)ESG DataOur industry-leading adverse environmental impact indicators constitute the world’s largest crypto sustainability dataset, both by number of crypto assets and by number of indicators. The MiCA Crypto Alliance is the only solution providing MiCA optional indicators such as water footprint, e-waste, hazardous waste and quantitative metrics on natural resource consumption. We combine advanced data analytics rooted in our proprietary research and the deep regulatory expertise from our technical partners. The result is a combination of data, know-how and insight that empowers our members, allowing them to ensure full compliance with MiCA and pave the way in crypto transparency reporting.Sustainability Data ProvidersScientific Track RecordEnergy DataOff-grid Scope 2 Emissions DataGranular Energy Mix DataWEEE DataWater Use indicesLand Use IndicesCrypto Assets CoveredPricingIncluded in Alliance MembershipOff-grid Scope 2 Emissions DataLegal AdvisorsSustainability Data ProvidersIncluded in Alliance MembershipNews & EventsGet the latest news on our initiatives, events, and regulatory changes impacting the blockchain industry.Frequently Asked QuestionsFind answers about the MiCA Crypto Alliance, MiCA regulations, membership benefits, and how we support our members.Steering CommitteeDimitrios PsarrakisBoard DirectorGlobal Blockchain Business CouncilRead BioDimitris Psarrakis is an accomplished financial economist and financial markets innovator, currently holding the position of Board Director at GBBC. Impact of MiCA on Crypto Exchange Operations. MiCA introduces significant changes, pushing crypto exchanges to adjust their offerings, fees, and services to meet stricter rules. Exchange Offerings. MiCA requires exchanges to remove tokens that fail to meet compliance standards.

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Stablecoin operator Tether addressed European cryptocurrency regulations amid exchanges like Crypto.com preparing to delist its USDt stablecoin in Europe tomorrow.Tether expressed disappointment over market developments in Europe amid changes triggered by the enforcement of the European Union’s Markets in Crypto-Assets (MiCA) framework.Crypto.com, a global crypto exchange, confirmed on Jan. 29 it will start delisting Tether’s USDt (USDT) stablecoin and nine other tokens on Jan. 31 to comply with MiCA regulations.“It is disappointing to see the rushed actions brought on by statements which do little to clarify the basis for such moves,” a spokesperson for Tether told Cointelegraph.EU consumers under risk of “disorderly” crypto marketMiCA-triggered changes pose significant risks for EU consumers and the local crypto market, with exchanges like Crypto.com preparing to delist multiple tokens, according to Tether.“These changes affect many tokens in the EU market, not only USDt, and we fear that such actions will lead to further risk being placed on consumers in the EU,” Tether’s representative said.According to Tether, such regulatory developments in the EU could create a “disorderly” market at a time when MiCA is still in the early stages of implementation.As previously mentioned, Crypto.com’s MiCA-forced delisting process is set to affect a total of 10 tokens, including Wrapped Bitcoin (WBTC), Dai (DAI) stablecoin and more.Coinbase — an exchange that delisted USDT in December 2024 — said at the time it would delist six tokens to comply with MiCA. The exchange delisted WBTC on the entire Coinbase platform for other reasons on Dec. 19, 2024.“We regularly review the assets we make available to customers on our platform to ensure we are meeting regulatory requirements, and will assess re-enabling services for stablecoins that achieve MiCA compliance on a later date,” a Coinbase representative told Cointelegraph on Jan. 30.The spokesperson also mentioned that Coinbase has so far delisted a total of eight tokens to comply with MiCA.Tether finalizes European strategy for USDtApart from broader consumer risks potentially arising from MiCA-triggered ecosystem changes, Tether reiterated that MiCA poses negative implications for stablecoins licensed in the EU.“As we have consistently expressed, some aspects of MiCA make the operation of EU-licensed stablecoins more complex and potentially introduce new risks,” Tether said.Tether’s representative also again highlighted differences in stablecoin use cases between Europe and emerging markets, where USDT is extremely popular. “The USD stablecoin market is almost negligible in Europe,” the spokesperson noted.Related: Trump executive order raises EU concerns over USD stablecoin dominanceAt the same time, Tether still commends EU regulators for their efforts in establishing a structured framework, as it plays a key role in fostering growth within the sector, the spokesperson noted, adding:“As Tether finalizes its European strategy for USDt, it remains committed to ensuring compliance with evolving regulations while

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Binance, exchange de bitcoin (BTC) y criptomonedas más grandes del mundo, eliminará el soporte para USD Tether (USDT) y otras ocho stablecoins que no cumplen con el reglamento MiCA para los usuarios del Espacio Económico Europeo (EEE).La medida, anunciada en una publicación en su blog, responde a las últimas directrices de las autoridades de la Unión Europea (UE) sobre stablecoins.El exchange señala que busca cumplir con los requisitos regulatorios, lo que implica cambios en la disponibilidad de stablecoins no compatibles con MiCA en el EEE. Entre las afectadas están USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC y PAXG.Binance recomienda a los usuarios de la UE convertir sus tenencias en estas monedas a USD Coin (USDC) o EURI lo antes posible. USDC es la stablecoin emitida por la empresa Circle, y es actualmente la segunda criptomoneda estable más valuada del mercado. Solo en 2024, este activo superó en términos de monedas circulantes a USDT, como reportó CriptoNoticias. EURI, por su parte, es una stablecoin desarrollada por Banking Circle SA, una institución financiera con sede en Luxemburgo.Cuándo se eliminará USDTLa eliminación de USDT, emitida por Tether Limited, así como las otras 8 stablecoins mencionadas, se hará efectiva el 31 de marzo de 2025 a las 11:59 de la noche, hora UTC. Desde ese momento, Binance restringirá los pares de trading en spot con stablecoins que no cumplan con MiCA para los usuarios del EEE. Sin embargo, el exchange precisa que la venta de tenencias restantes de estas stablecoins seguirá disponible a través de Binance Convert.Además, todas las órdenes de trading se cancelarán automáticamente tras el cese de operaciones en cada par afectado. También se suspenderán los servicios de bots de trading para esos pares en spot.Binance aclara que los pares compatibles con MiCA, como USDC y EURI, stablecoins que recibieron la aprobación para operar en la UE bajo esa normativa hace meses; permanecerán disponibles sin cambios. La custodia de stablecoins no conformes con la normativa continuará activa, permitiendo a los usuarios retirarlas en cualquier momento.Para incentivar la migración a USDC, el exchange ofrece promociones a los usuarios del EEE. Entre ellas

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The Arts! Subject: Marco Island Beach Nature Where: Post your photo to Residents’ Beach Facebook Page When: Now! Deadline for Beach Nature […]The post BEACH NATURE PHOTO CONTEST – JUNE 2018 appeared first on Marco Island Civic Association.]]> MICA PRESENTS 2018 HUMANITARIAN OF THE YEAR AWARD Fri, 04 May 2018 14:48:45 +0000 The MICA Humanitarian of the Year Award is one of the most prestigious awards on Marco Island. This esteemed award was developed in 1998 to honor the unsung heroes of Marco Island, the people who do so much for so […]The post MICA PRESENTS 2018 HUMANITARIAN OF THE YEAR AWARD appeared first on Marco Island Civic Association.]]> Why would you be a good choice for the MICA Board of Directors? Fri, 09 Feb 2018 20:29:40 +0000 Candidates for the MICA Board of Directors were recently asked to answer the question: Why would you be a good choice for the MICA Board of Directors? Below are their responses. Candidate Al Bismonte: As a MICA Board member […]The post Why would you be a good choice for the MICA Board of Directors? appeared first on Marco Island Civic Association.]]> BEACH CLEANUP – OCTOBER 14, 2017 Thu, 12 Oct 2017 19:19:11 +0000 Please join us on Saturday, October 14, 2017, for the MICA-sponsored beach cleanup. Help us pickup what Hurricane Irma left behind! Meet on the beach side of the boardwalk at Marco Island Residents’ Beach! Cleanup 8 – 10 a.m. MICA […]The post BEACH CLEANUP – OCTOBER 14, 2017 appeared first on Marco Island Civic Association.]]> MICA 2017 Membership Survey Results Tue, 08 Aug 2017 20:11:01 +0000 Survey 2017 ResultsThe post MICA 2017 Membership Survey Results appeared first on Marco Island Civic Association.]]>

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Valletta, February 18, 2025 – OKX, the world’s leading technology company in blockchain, announces today that it is among the first global crypto exchanges accredited under MiCA to offer its services throughout Europe.From its European headquarters in Malta, OKX now offers its regulated and localized crypto products and services to over 400 million Europeans across 28 countries in the European Economic Area (EEA):FranceAustriaBelgiumBulgariaCroatiaCyprusCzech RepublicDenmarkEstoniaFinlandGermanyGreeceHungaryIrelandItalyLatviaLiechtensteinLithuaniaLuxembourgMaltaNetherlandsPolandPortugalRomaniaSlovakiaSloveniaSpainSwedenCustomers in the region now have access to OKX’s exceptional secure and transparent infrastructure. Various services (OTC trading, Spot, bots, etc.) are available for over 270 cryptocurrencies and 300 trading pairs, including more than 60 trading pairs in euros. With the integration of local and regional payment providers (SEPA, iDEAL, Bancontact, and other popular payment alternatives), European customers can easily deposit and withdraw euros, free of charge.The company is also committed to providing an optimal user experience:An app and website in FrenchThe ability to display amounts in eurosA customer service in FrenchAccess to the most commonly used local payment methodsProducts tailored to the preferences of EuropeansA simplified user interface for beginnersA professional interface offering all features for advanced usersThanks to the European passport integrated into MiCA and harmonized regulations, companies registered and accredited in one of the EU countries can offer their services in other EU countries. This authorization follows OKX’s accreditation under MiCA obtained on January 27, 2025.According to the words of Erald Ghoos, CEO of OKX Europe: ” The acquisition of MiCA approval and its European passport proves our unwavering commitment to providing secure, clear, and localized crypto services throughout the EEA. We rely on local languages, currencies, and payment methods to make crypto trading increasingly accessible. For European crypto finance, OKX is a new alternative. This advancement strengthens our position as the platform of choice for both beginners and experienced users residing in the EEA.“As a leader offering reliable advanced crypto services, including its centralized (CEX) and decentralized (DEX) exchange platforms, OKX has over 60 million users worldwide. The European passport integrated into MiCA allows the company to offer its services throughout Europe and helps enhance its international development efforts. In 2024, the exchange launched in seven new local markets and obtained four new accreditations and registrations.About OKXOKX is a technology company on a mission to better structure the world of blockchain and make it more accessible and useful.The exchange aims to highlight efficiency and transparency for a more connected future worldwide.Since its inception as a crypto exchange platform, OKX has enabled millions of users to access crypto trading and is now one of the largest platforms globally. In recent years, OKX has developed one of the most connected on-chain wallets, now used by millions to access decentralized applications (dApps).Hundreds of major institutions trust OKX to access crypto markets through a reliable platform, perfectly integrated with international banking and payment services.Some of its flagship products include the OKX exchange platform, the OKX marketplace, and the developer OS, OKX Wallet, OKX Explorer, OKX Chain, OKX Ventures, and OKX Institutional Services. To learn more about OKX,. Impact of MiCA on Crypto Exchange Operations. MiCA introduces significant changes, pushing crypto exchanges to adjust their offerings, fees, and services to meet stricter rules. Exchange Offerings. MiCA requires exchanges to remove tokens that fail to meet compliance standards.

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Destacan cero comisiones para los pares BNB/USDC, ETH/USDC y SOL/USDC, una comisión reducida para participantes en pares de trading en spot y margen con USDC, y la posibilidad de ganar una parte de un millón de USDC al comprar y operar con esta stablecoin.MiCA, o Reglamento de Mercados de Criptoactivos, es una normativa de la Unión Europea que regula los criptoactivos, incluyendo las stablecoins. Entró en vigor el 30 de diciembre de 2024 para establecer estándares de emisión y operación, exigiendo a las stablecoins requisitos como reservas suficientes y transparencia en su gestión.Stablecoins como USDT, la cual domina actualmente el 63,5% del mercado de las criptomonedas estables y tiene una capitalización de u$s142.000 millones, enfrentan limitaciones bajo la normativa MiCA por no cumplir plenamente con estas reglas. Como ha reportado CriptoNoticias, USDT, la stablecoin más valuada del mercado, ha perdido terreno en Europa debido a esta regulación. La normativa busca proteger a los consumidores y garantizar la estabilidad financiera, pero impone restricciones que dificultan la operatividad de ciertas criptomonedas estables.Intercambio de cripto de forma fácilLa decisión de Binance afecta directamente a USDT, que domina el mercado con una capitalización superior a otras stablecoins. Exchanges como Kraken, Coinbase y OKX ya anunciaron la desincorporación de USDT en la UE, según informó este medio Criptonoticias. Binance se suma a esta tendencia, alineándose con las exigencias regulatorias de la región.La salida de USDT de estas plataformas refleja el impacto de MiCA en el ecosistema de criptomonedas europeo. A medida que la normativa se aplica, las stablecoins no reguladas enfrentan un entorno más hostil, mientras que opciones como USDC, respaldada por Circle y compatible con MiCA, ganan relevancia.Los usuarios del EEE tienen hasta finales de este mes para ajustar sus estrategias. La eliminación de pares de trading y la cancelación de servicios asociados son medidas firmes, pero las promociones de Binance buscan facilitar la transición. El exchange apuesta por mantener su base de usuarios en la región, adaptándose a un panorama que evoluciona bajo la lupa de los reguladores europeos.Cuidado al operar con criptomonedasAl operar con criptomonedas, los especialistas insisten en la importancia de

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Just another WordPress site Wed, 08 Feb 2023 18:25:27 +0000 en-US hourly 1 Important Information & Regulations – MICA Residents’ Beach Members Wed, 08 Feb 2023 17:58:37 +0000 In protection of the deed to Residents’ Beach and in enforcement of the residency requirement, please be reminded that your membership is NON-TRANSFERABLE. No one other than yourself may use your MICA Membership Photo ID. Any violation of the admission […]The post Important Information & Regulations – MICA Residents’ Beach Members appeared first on Marco Island Civic Association.]]> Successful Beach Cleanup! Thu, 15 Oct 2020 19:23:26 +0000 The Marco Island Civic Association sponsored a Beach Cleanup on Saturday, October 10. The cleanup started at Marco Island Residents’ Beach and the over 40 volunteers who attended spread north and south. More than 50 pounds of trash was collected […]The post Successful Beach Cleanup! appeared first on Marco Island Civic Association.]]> 2019 MICA MEMBERSHIP SURVEY RESULTS Tue, 20 Aug 2019 19:50:16 +0000 MICA Board of Directors Releases 2019 MICA Membership Survey ResultsThe post 2019 MICA MEMBERSHIP SURVEY RESULTS appeared first on Marco Island Civic Association.]]> ALLYSON RICHARDS NAMED MICA’S HUMANITARIAN OF THE YEAR 2019 Wed, 13 Mar 2019 20:19:53 +0000 On Sunday, March 11, before a crowd of more than 3,000 individuals at Marco Island Residents’ Beach, the MICA Board of Directors presented its 2019 Humanitarian of the Year Award to the consummate volunteer and humanitarian, Allyson Richards! MICA’s President […]The post ALLYSON RICHARDS NAMED MICA’S HUMANITARIAN OF THE YEAR 2019 appeared first on Marco Island Civic Association.]]> MICA’S JULY FOURTH CELEBRATION Thu, 21 Jun 2018 14:21:36 +0000 MICA’s July Fourth Celebration Festivities begin at 12 noon and run through fireworks at approximately 9 p.m. Take part in the Sandcastle Contest. Prizes will be awarded for the best sandcastles! DJ, face painting and crafts, including patriotic rock painting! Games begin […]The post MICA’S JULY FOURTH CELEBRATION appeared first on Marco Island Civic Association.]]> BEACH NATURE PHOTO CONTEST – JUNE 2018 Fri, 15 Jun 2018 14:53:45 +0000 Take part in the Residents’ Beach Facebook June Photo Contest. In Partnership with the Marco Island Center for. Impact of MiCA on Crypto Exchange Operations. MiCA introduces significant changes, pushing crypto exchanges to adjust their offerings, fees, and services to meet stricter rules. Exchange Offerings. MiCA requires exchanges to remove tokens that fail to meet compliance standards. We thank all participating laboratories in the UCLA International MICA Exchange Program. For the 10 th MICA Exchange, 4 DNA samples were shipped to 28 laboratories, and MICA typing

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With legal and policy teams around the world, all working towards a very specific application: achieving perfect compliance with MiCA.Human-in-the-loop AI White Paper Elaboration ToolsReduce compliance costs and go beyond the “bare minimum”, achieving the state of the art.Ongoing SupportWhen MiCA requirements are updated, on when data goes out of date, Exponential Science enables you to catch back up.Strategic Guidance from DSFReceive personalised strategic and technical guidance from the Exponential Science team of blockchain experts to navigate the complexities of MiCA compliance, and access to ES’s internal white paper scoring tools.Legal Liability ProtectionThrough the Alliance’s technical partners.Access to the Steering CommitteeWorld-leading specialist, including experts involved in the writing of MiCA itself.How do we compare?Our industry-leading adverse environmental impact indicators constitute the world’s largest crypto sustainability dataset, both by number of crypto assets and by number of indicators. The MiCA Crypto Alliance is the only solution providing MiCA optional indicators such as water footprint, e-waste, hazardous waste and quantitative metrics on natural resource consumption. We combine advanced data analytics rooted in our proprietary research and the deep regulatory expertise from our technical partners. The result is a combination of data, know-how and insight that empowers our members, allowing them to ensure full compliance with MiCA and pave the way in crypto transparency reporting.White Paper DraftingMiCA white paper drafting is time-consuming, resource-intensive, and often yields suboptimal results. To address this, we combine the leading technical expertise from our AI partners at Exponential Science with “gold standard” benchmarks from our legal partners and

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Stablecoin’s regulatory uncertainty in the EU. Michael Hilliard succeeded Hoegner, the exchange’s former general counsel who was with the company since 2014 until his retirement. Crypto.com receives its full MiCA license🇪🇺 is extremely proud to be the first major global crypto asset service provider to receive in-principle approval of its MiCA Licence 🇪🇺The licence will enable the company to passport services across the EU under the new MiCA regulatory framework.The… pic.twitter.com/JMWEmGSzb3— Crypto.com (@cryptocom) January 17, 2025The exchange recently received a MiCA license courtesy of the Malta Financial Services Authority (MFSA). The exchange claimed to be the first crypto asset service provider to receive a full MiCA license, which allows it to provide crypto services for users across the entire EU region. The licensing came a few weeks after the exchange received an in-principle MiCA license. Crypto.com reiterated its support for the EU crypto regulatory framework and confirmed that MiCA regulations will provide regulatory transparency and clarity and build confidence in the crypto sector. The exchange’s president and COO, Eric Anziani, established the exchange’s commitment to expanding in the EU as a growing crypto hub. The Crypto.com executive commended the EU’s efforts to design and implement a comprehensive framework to streamline crypto service across the region.Anziani mentioned that the exchange looked forward to working with the union to provide European clientele with compliant services under the direction of the MiCA regulatory framework. The COO further highlighted that the company had focused on acquiring the MiCA license over the past few years. “Securing a MiCA licence has been a major priority for us in recent years, and receiving this approval further cements our continued commitment to being the most compliant and regulated crypto platform globally.”~ Eric Anziani, Crypto.com’s President and COOThe MiCA license is one of the many licenses the exchange has accrued over the past few years, including Dubai’s Virtual Assets Service Provider license (VASP), Australian Financial Services License, U.S. Designated Contracts Market (DCM), Singapore’s Major Payment Institution license (MAS), and UK’s Electronic Money Institution license (FCA). Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

2025-04-07
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Crypto.com recently announced that it will delist Tether’s stablecoin USDT on January 31 to comply with the Markets in Crypto-Assets Regulations (MiCA). The exchange also revealed that it will delist nine other tokens, including Crypto.com Staked ETH, Crypto.com Staked SOL, DAI, PAX Dollar, PAX Gold, PayPal USD, XSGD, and Wrapped Bitcoin.Crypto.com continued that it will disable deposits for the affected tokens after delisting. However, withdrawals will remain open until the end of the first quarter of this year. The centralized exchange joins Coinbase as one of the first crypto service providers in the European Union to delist USDT.The exchange’s spokesperson confirmed holders of the delisted coins will have until March 31 to convert their assets to MiCA-compliant alternatives. The spokesperson also warned that the exchange will automatically convert assets to MiCA-approved stablecoins or assets for users who fail to convert their assets by the given deadline. The decision comes after the European Securities and Markets Authority (ESMA) urged exchanges to drop non-compliant tokens. ESMA released a public statement on January 17 mentioning the need for crypto asset service providers (CASPs) to align their services in compliance with the MiCA regulations. The authority, which is one of the major watchdogs overseeing the implementation of the MiCA framework, encouraged National Competent Authorities (NCAs) to provide guidance to exchanges and other CASPs. ESMA explained that NCAs will ensure consistency and orderliness during the legislation’s implementation throughout the region. USDT has lost ground since last year due to the regulatory uncertainty in the EU. The stablecoin, which held at above $150 billion last year has shed several billion dollars since MiCA’s implementation. Its market cap stands at a little over $139 billion. The stablecoin company had previously expressed concern about the systemic risk MiCA regulations would cause huge stablecoin companies like Tether. According to the company’s CEO, Paolo Ardoino, the new regulations demanding 60% of stablecoin reserves in the EU to be in Euros places stablecoin users at risk. Ardoino also highlighted the risks of a 100,000 Euro insurance limit for cash deposits, which puts larger companies at risk. The Tether CEO also suggested that the lack of full insurance coverage could lead to stablecoins depegging in case of major financial risks. Ardoino speculated that the MiCA regulations could not protect users in that case. Tether has also experienced significant changes since the introduction of MiCA regulations, including its general counsel leaving after the

2025-04-21
User1436

Stablecoin operator Tether addressed European cryptocurrency regulations amid exchanges like Crypto.com preparing to delist its USDt stablecoin in Europe tomorrow.Tether expressed disappointment over market developments in Europe amid changes triggered by the enforcement of the European Union’s Markets in Crypto-Assets (MiCA) framework.Crypto.com, a global crypto exchange, confirmed on Jan. 29 it will start delisting Tether’s USDt (USDT) stablecoin and nine other tokens on Jan. 31 to comply with MiCA regulations.“It is disappointing to see the rushed actions brought on by statements which do little to clarify the basis for such moves,” a spokesperson for Tether told Cointelegraph.EU consumers under risk of “disorderly” crypto marketMiCA-triggered changes pose significant risks for EU consumers and the local crypto market, with exchanges like Crypto.com preparing to delist multiple tokens, according to Tether.“These changes affect many tokens in the EU market, not only USDt, and we fear that such actions will lead to further risk being placed on consumers in the EU,” Tether’s representative said.According to Tether, such regulatory developments in the EU could create a “disorderly” market at a time when MiCA is still in the early stages of implementation.As previously mentioned, Crypto.com’s MiCA-forced delisting process is set to affect a total of 10 tokens, including Wrapped Bitcoin (WBTC), Dai (DAI) stablecoin and more.Coinbase — an exchange that delisted USDT in December 2024 — said at the time it would delist six tokens to comply with MiCA. The exchange delisted WBTC on the entire Coinbase platform for other reasons on Dec. 19, 2024.“We regularly review the assets we make available to customers on our platform to ensure we are meeting regulatory requirements, and will assess re-enabling services for stablecoins that achieve MiCA compliance on a later date,” a Coinbase representative told Cointelegraph on Jan. 30.The spokesperson also mentioned that Coinbase has so far delisted a total of eight tokens to comply with MiCA.Tether finalizes European strategy for USDtApart from broader consumer risks potentially arising from MiCA-triggered ecosystem changes, Tether reiterated that MiCA poses negative implications for stablecoins licensed in the EU.“As we have consistently expressed, some aspects of MiCA make the operation of EU-licensed stablecoins more complex and potentially introduce new risks,” Tether said.Tether’s representative also again highlighted differences in stablecoin use cases between Europe and emerging markets, where USDT is extremely popular. “The USD stablecoin market is almost negligible in Europe,” the spokesperson noted.Related: Trump executive order raises EU concerns over USD stablecoin dominanceAt the same time, Tether still commends EU regulators for their efforts in establishing a structured framework, as it plays a key role in fostering growth within the sector, the spokesperson noted, adding:“As Tether finalizes its European strategy for USDt, it remains committed to ensuring compliance with evolving regulations while

2025-04-15

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