Topic
mica
5 stories
Cardano Foundation urges EU not to widen crypto rules in MiCA review
The Cardano Foundation said it told the European Commission's MiCA review on 30 September to resist regulating DeFi, staking and NFTs as new categories, arguing rules should follow function, not technology.
EBA tags USDC as the EU's first 'significant' stablecoin, taking over reserve oversight
The European Banking Authority has classified Circle's USDC as the EU's first "significant" e-money token under MiCA, taking over direct supervision of its reserves and liquidity from November 12.
Revolut's euro stablecoin goes live with 374 tokens in circulation
Revolut has begun issuing a euro stablecoin, EURR, to selected customers in Denmark, Poland and Portugal, though the token is legally issued by Stripe-owned Bridge and just 374 units are in circulation.
AscendEX shuts down, warns users may not get their crypto back
Crypto exchange AscendEX ceased operations on July 1 and told users it cannot guarantee they will recover their full balances, citing MiCA non-authorization, a failed liquidity deal, and near-empty hot wallets flagged by on-chain investigators.
UK regulator proposes halving stablecoin capital buffer to 1%, below EU's MiCA
The UK's FCA proposed halving stablecoin issuers' capital buffer to 1% of coins in circulation, below the EU's 2% MiCA rule, days after the Bank of England dropped its planned holding cap.