Tag: MiCA
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More ↗: Revolut Expands Its Presence: Licenses in the EU, Asia, and Latin AmericaRevolut Expands Its Presence: Licenses in the EU, Asia, and Latin America
Revolut is expanding globally by securing licenses for virtual asset operations in the EU, Asia, and Latin America. It has received licensing approval from authorities…
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More ↗: Polish Government Approves Virtual Assets LawPolish Government Approves Virtual Assets Law
The Polish government has approved a new virtual assets law aligned with the EU’s MiCA framework, imposing stricter regulations on businesses. All Virtual Asset Service…
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More ↗: DORA: How the EU Is Reshaping Digital Security in the Financial SectorDORA: How the EU Is Reshaping Digital Security in the Financial Sector
The Digital Operational Resilience Act (DORA) comes into effect on January 17, 2025, mandating EU financial institutions to enhance their digital resilience. It applies to…
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More ↗: European Banks Launch Their Own StablecoinEuropean Banks Launch Their Own Stablecoin
Nine major European banks are collaborating to create a euro-denominated stablecoin, set to launch in late 2026. This initiative aims to enhance Europe’s digital finance…
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More ↗: EU Countries Challenge Licensing Loophole Under MiCAEU Countries Challenge Licensing Loophole Under MiCA
A coalition of EU countries has raised concerns about the MiCA framework’s passporting system, allowing firms licensed in lax jurisdictions to operate in stricter ones.…
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More ↗: Cryptocurrency accounting and taxation in EuropeCryptocurrency accounting and taxation in Europe
Cryptocurrency has become integral to Europe’s finance, but it brings challenges in taxation and regulation. Tax applies to transactions beyond just selling, with the MiCA…
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More ↗: Gemini Secures MiCA License in MaltaGemini Secures MiCA License in Malta
Gemini has acquired a MiCA license from Malta’s MFSA, enabling full regulatory access in the EU. This license complements its earlier MiFID II approval, enhancing…
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More ↗: MiCA Requirements Officially Issued for Bulgarian VASPsMiCA Requirements Officially Issued for Bulgarian VASPs
The Bulgarian Financial Supervision Commission has issued letters to local Virtual Asset Service Providers (VASPs), marking the start of the MiCA licensing implementation. Companies must…
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More ↗: AMLA Sounds the Alarm: VASPs in the EU Face Intense Scrutiny — Are You Ready?AMLA Sounds the Alarm: VASPs in the EU Face Intense Scrutiny — Are You Ready?
The European Anti-Money Laundering Authority (AMLA) has commenced operations, prioritizing virtual asset service providers (VASPs) to ensure compliance with stringent anti-financial crime standards from day…
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More ↗: What Is the Travel Rule for VASPs?What Is the Travel Rule for VASPs?
The Travel Rule, established by FinCEN, requires financial institutions to share specific customer data during fund transfers to prevent money laundering. In 2019, it was…
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