EBA has warned that jurisdiction shopping during the MiCA transition has increased cross-border risks and misuse of customer funds. It has urged coordinated supervision, data-sharing, and early alignment with prudential and governance rules ahead of full enforcement in December 2025.
The post EBA Sounds Alarm: Crypto Firms Exploiting MiCA Loopholes Pose ‘Significant’ Threat to EU appeared first on Cryptonews. …
Category: European Union
“Europe Must Compete”: EU Official Demands Euro Stablecoins to Break US Dollar’s Monopoly
EU officials, including Pierre Gramegna, have supported the creation of euro stablecoins to compete with US dollar dominance in digital assets, citing the surge in dollar-pegged stablecoins after new US laws in 2025.
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EU Fintech Trade Republic Secures Full MiCA License From Germany’s BaFin
The full Markets in Crypto Assets (MiCA) license enables Trade Republic to execute or transmit client orders and offer transfer services.
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EU Adopts New Sanctions, Including Crypto Restrictions Against Russia
The EU has introduced its 16th sanctions package against Russia, expanding financial restrictions, trade bans, and crypto-related controls. The measures target 83 individuals and entities, Russia’s “shadow fleet,” and non-Russian banks using SPFS. Additional restrictions affect Belarus and occupied Ukrainian regions, tightening enforcement on digital assets and alternative financial networks.
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European Crypto Market Heats Up as Leading Exchanges Secure MiCA Licenses
Major crypto exchanges Bitpanda, OKX, and Crypto.com have secured licenses under the European Union’s Markets in Crypto-Assets (MiCA) regulation.
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Hong Kong OTC Crypto Derivatives Market to Align with EU Standards
Hong Kong’s financial regulators are set to align their over-the-counter crypto derivatives market with EU standards by adopting global reporting requirements, including Digital Token Identifiers, to enhance transparency and compliance by September 2025.
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Crypto Unlikely to Spark Surge in New ETF Classes: European Fund Managers Group
The European fund managers’ group, EFAMA, reportedly does not anticipate a “wave of new asset classes for ETFs” after a UCITS-eligible asset review.
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Human rights rules could give bankers a run for their money
Human rights rules could give bankers a run for their money