Danish Regulator To Prohibit Unhosted Bitcoin (BTC) Wallets
Many Danish industry stakeholders are preparing for the roll-out of MiCA rules, with Denmark set to prohibit unhosted Bitcoin (BTC) wallets. As part of its Decentralized Finance (DeFi) guidance, the Danish Financial Supervisory Authority (DFSA) is striving to eliminate unhosted Bitcoin (BTC) wallets. Prohibition of Bitcoin wallets in Denmark is consistent with MiCA regulations The […]
EU Banking Authority Completes MiCA Crypto Framework
EU Banking Authority recently finalized the MiCA Crypto Framework to improve crypto market stability and increase EUR-stablecoin adoption. To ensure that all firms in the EU comply with the high financial standards, the European Banking Authority (EBA) has finalized the draft of the technical standards for prudential matters by the MiCA regulation. This development is […]
MEV Deemed “Illegal” Market Abuse Under EU MiCA Regulation
The European Union (EU) has purportedly identified Maximum Extractable Value (MEV) as illegal market abuse under MiCA regulations. Under the Markets in Crypto Assets (MiCA) regulation, the European Union (EU) has identified Maximum Extractable Value (MEV) as an explicit illustration of an illicit market manipulation tactic. ESMA Protests MEV Market Abuse The European Securities and […]
Kraken to Launch DLT Crypto Services in Germany
Cryptocurrency exchange Kraken is growing its presence in European markets with a collaboration to serve German clients. A press statement states that Kraken has achieved a deal to provide digital asset conveniences for users in Germany with DLT Finance, a trademark of crypto service providers DLT Securities GmbH and DLT Custody Gmbh, which holds a […]
Lithuania to Tighten Regulations on Crypto Companies
The European Union’s first unified crypto legislation, Markets in Cryptoassets (MiCA), is due to take effect starting in January 2025. A Bank of Lithuania board member, Simonas Krėpšta, disclosed plans for a regulatory change that will significantly reduce the number of cryptocurrency companies operating in the nation, which has made a name for itself as […]