If you’re an EU-based crypto trader and you use Binance, you may need to look for a new exchange shortly. In a blog post on Wednesday, the world’s largest cryptocurrency exchange said that it had withdrawn its application for a Greek license to operate in the EU. Those Markets in Crypto-Assets (MiCA) licenses become mandatory for exchanges to continue to do business after July 1. “Binance is not leaving Europe,” Gillian Lynch, the company’s head of Europe and the United Kingdom, told Reuters. “We may just have a different pathway to being authorised. If it is not Greece, I’m looking at other alternatives.” It has said it intends to pursue…
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Ripple Wins EU MiCA License As July 1 Deadline Looms
Luxembourg granted it a preliminary crypto asset service provider license
Ripple has acquired a preliminary crypto asset service provider (CASP) license in Luxembourg, making it compliant with the European Union’s Markets in Crypto-Assets (MiCA) regulations ahead of a July 1 deadline. In a statement on Tuesday, Ripple said that once its CASP is finalized, it would be able to provide regulated cryptoasset services to financial institutions and businesses across the 30-member European Economic Area (EEA). Combined with Ripple’s existing EU Electronic Money Institution (EMI) licence, the CASP license means that European banks, fintechs, and businesses can access Ripple’s full cryptoasset and stablecoin payments infrastructure through a single integration, the company said. The two licenses, when finalized, will make Ripple fully…
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BitGo Offers Exchanges MiCA Access As Deadline Looms
Crypto custody firm offers licensed infrastructure before July 1 deadline
Crypto custody firm BitGo has launched a crypto-as-a-service platform designed to help exchanges meet the European Union’s Markets in Crypto-Assets (MiCA) regulations. With the EU’s July 1 deadline for MiCA compliance fast approaching, firms without MiCA licenses won’t be able to continue serving customers after that date. In an X post, BitGo CEO Mike Belshe said that instead of leaving customers high and dry during licensing delays, firms that are “still waiting on approval, or [would] rather use licensed infrastructure than build it yourself, we can help keep you moving safely and compliantly.” BitGo Europe is already MiCA-licensed through Germany’s BaFIN regulator, which oversees crypto exchanges, custodians, and token issuers,…
