Today’s weekly recap: Bitcoin (BTC) drops to five-month low amid series of ‘whale sell-offs’; Mt. Gox begins repaying creditors; and Circle obtains first stablecoin license under MiCA as regulatory efforts ramp up. Market decline After a bearish June, reports on July 1 suggested that Bitcoin could be poised for a recovery in July, based on … Read more
From the beginning of July, crypto exchanges and stablecoin issuers in the EU will operate under the rules of the MiCA law. The entry into force of the Markets in Crypto-Assets (MiCA) Act on 30 June will bring significant changes to the EU cryptocurrency industry. One of the key provisions of MiCA is the regulation … Read more
The first wave of the European Union’s groundbreaking, comprehensive legislation on digital assets comes into effect on Sunday. With the Markets in Crypto-Asset Regulation framework, Europe has managed to do what other jurisdictions, including the US, are still avoiding: providing legal and regulatory clarity for not just one part of the digital asset market, but … Read more
Tether, Circle and other major stablecoin issuers will soon be on the phone in the European Union. With the new rules coming into effect on June 30, they will not only need the proper authorization to operate in the 27-nation trading bloc, but will also have to deal with the strict limits on transaction numbers … Read more