Coinbase is placing mammoth-sized bets on Europe, and France is ground zero for their strategy. They sing the praises of France’s “forward-looking regulatory environment” and how MiCA (Markets in Crypto-Assets regulation) will bring clear regulations to the world of crypto. Is it really that simple? Are we peering into a...
MiCA. The very name of it is a return to the bureaucratic nightmare. For artists and everyday users in Southeast Asia, that’s what it risks becoming—precisely because it has been so successful. Meanwhile, the EU is busy patting itself on the back for “regulating crypto.” In doing so, it is...
The crypto landscape in Europe is set to experience a radical change. This transformation is primarily driven by the adoption of the Markets in Crypto-Assets (MiCA) regulation. Completing the picture This detailed framework is intended to govern crypto-assets, stablecoins, and crypto-asset service providers across the EU. MiCA has generated considerable...
Paolo Ardoino, CTO of Tether, has previously voiced grave concerns over the Markets in Crypto-Assets (MiCA) regulation. He thinks it would have a big impact on the stablecoins, in particular, Tether. Ardoino is adamant that following European law would result in severe and irreparable harm. He even goes so far...
Europe is playing a dangerous game. While the intent behind the Markets in Crypto-Assets (MiCA) regulation is laudable – protecting consumers and fostering a safe crypto environment – its current form, particularly concerning stablecoins like Tether (USDT), risks crippling the very innovation it seeks to safeguard. Paolo Ardoino, Tether's CEO,...
The UK is taking a bold new approach to crypto regulation. This implementation guidance takes a notable turn from the EU’s MiCA framework and is more akin to the US’s implementation guidance. The government is pitching it as an exercise to strengthen investor confidence, as part of a broader strategy...
The EU, under the aegis of its Markets in Crypto-Assets (MiCA) regulation, believes it is constructing an impenetrable trust bubble around stablecoins. What if it’s not public transportation but rather creating an elaborate gilded cage. That would stifle innovation and cede the future to the status quo. Have we just...
After the adoption of the Markets in Crypto-Assets (MiCA) regulation, European banks have shown increasing interest in stablecoin initiatives. This regulation has opened the door to regulated stablecoin issuance across the European Union (EU).One major example is Societe Generale, which launched its euro-backed stablecoin, EUR CoinVertible, to retail investors in...
One, the global cryptocurrency landscape is rapidly changing. Regulatory strategies play an outsized role in determining the fate of digital assets. The other joint leaders in the global crypto landscape are the European Union (EU) and the United States (US). They are using fundamentally different approaches to regulate cryptocurrency. The...
Back in Europe, the EU has been doing some self congratulating for being “first” with MiCA. First to what? Last to fully embrace digital asset innovation at home, but first to possible destroy its own crypto industry? We strongly support the good intentions that underlie both financial stability and consumer...
