EU Exchanges Target Users Impacted by MiCA Regulations
In light of the new Markets in Crypto-Assets regulations, Coinbase, Kraken, and OKX are seeking to attract users from unlicensed firms by offering incentives.
10 articles tagged with "MiCA"
In light of the new Markets in Crypto-Assets regulations, Coinbase, Kraken, and OKX are seeking to attract users from unlicensed firms by offering incentives.
With the MiCA regulation set to take effect on July 1, experts caution that many crypto users in the EU might find themselves without access to platforms.
Carlos San Basilio has firmly stated that there will be no exceptions or extensions to the MiCA compliance deadline for crypto exchanges serving EU users.
As the MiCA deadline approaches, Spain has declared that there will be no exceptions or extensions for Binance and other cryptocurrency firms. The industry remains split on the implications of these regulations.
Binance has withdrawn its MiCA license application in Greece, raising concerns about its future in the EU as it must secure a new base by July 1 to avoid potential shutdown.
OpenPayd has obtained a MiCA license, enabling it to provide regulated cryptocurrency services across Europe, including to clients like Kraken.
As the July 1 deadline approaches, OKX Europe CEO Ghoos suggests that a significant portion of crypto exchanges may not withstand the forthcoming MiCA regulations.