MiCA

The European Banking Authority (EBA) has designated Circle's USDC as the European Union's first significant e-money token under the Markets in Crypto-Assets Regulation (MiCA), placing one of the world's largest dollar-backed stablecoins under direct EU-level supervision. The October 14 classification will take effect on November 12, 2026, transferring responsibility for USDC's capital requirements, reserves, liquidity management and recovery arrangements to the EBA. France's Autorité de Contrôle Prudentiel et de Résolution (ACPR), which currently supervises Circle's European issuing entity, will retain…

European regulators are examining whether Binance has relied too broadly on MiCA’s reverse solicitation exemption to continue serving some EU customers without a bloc-wide crypto license. ESMA and national authorities in France, Germany and Greece are reviewing Binance’s use of the exemption, with some regulators requesting information from the exchange, people familiar with the inquiries told the Financial Times. Enforcement action, including fines, could follow if authorities conclude the conditions were not met. Binance enters the review without a MiCA…

The European Union could bring DeFi access providers, staking and crypto lending under a broader MiCA framework after ESMA proposed new rules for services that remain partly outside the bloc's existing crypto regime. Firms that provide users with access to decentralized finance protocols would become a new regulated crypto-asset service, while clearer criteria would determine when a protocol is sufficiently decentralized to remain outside intermediary-focused requirements. The proposals arrived as the European Commission's MiCA review consultation closed on September 30.…

Deutsche Bank is preparing to launch a regulated digital asset custody service for institutional and corporate clients in Europe, with its first customers expected to go live this year once the applicable regulatory process is completed. The service will initially support Bitcoin, Ether and selected stablecoins, including USDC, EURC and EURAU. Deutsche Bank also plans to add tokenized financial instruments as the product develops. Clients will be able to hold and transfer digital assets through the bank, with Deutsche Bank…

The European Union is preparing to bring large cross-border crypto firms under direct anti-money-laundering supervision even when they serve customers remotely without maintaining a branch or local office. The framework gives the EU Anti-Money Laundering Authority, or AMLA, a route to supervise high-risk financial institutions operating across at least six member states, including crypto-asset service providers. AMLA’s finalized draft selection rules treat remote activity as material in a member state when a firm has more than 20,000 resident customers there…

Revolut has launched EURR, its first euro-denominated stablecoin, giving select European customers a tokenized route between euros, crypto markets and blockchain transfers inside its expanding digital-asset business. The initial rollout covers eligible users in Denmark, Poland and Portugal, with wider availability planned later in 2026. EURR is designed to maintain a one-to-one value with the euro and can be redeemed at par through its regulated issuer. The launch moves Revolut from distributing third-party stablecoins into offering a branded euro token…

Austria’s Financial Market Authority has fined Bitpanda GmbH €70,000 for breaches of the European Union’s Markets in Crypto-Assets Regulation, marking the country’s first publication of a legally binding MiCA penalty. The August 14 enforcement decision covers failures involving a crypto-asset white paper and related marketing communications. The proceeding was completed through an expedited procedure under Austria’s Financial Market Authority Act, and the penalty is final. Bitpanda Missed White Paper Deadline Bitpanda failed to submit a required crypto-asset white paper to…

BitPay has secured full authorization as a crypto-asset service provider from the Dutch Authority for the Financial Markets, giving its European subsidiary a regulated base for expanding payment services across the European Union. The MiCA authorization covers BitPay B.V., the company’s Amsterdam-based European entity. The license supports crypto payment processing, cross-border transfers and consumer spending, alongside partner-provided buying, selling and swapping services. Merchants and payment partners can use BitPay for crypto acceptance and stablecoin-denominated settlement under the EU’s unified regulatory…

Binance recorded $1.8 billion in net USDC outflows during the second quarter, including $1.4 billion in June, as the exchange approached Europe’s July 1 MiCA deadline without an authorization route. Its tracked USDC balance fell 19% over the quarter. April and May accounted for about $400 million of the decline before the pace accelerated during June, when Binance failed to secure its Greek MiCA license and began restricting services for users in several European markets. A Q2 exchange-wallet analysis combined…