Tag Archives: Mica

A comprehensive interpretation of the EU's Crypto Asset Market Regulation (MiCA), covering the implementation timeline, compliance points, and industry impact.

A map and three-tier structure of truly licensed crypto asset custody institutions worldwide in 2026: US, EU, and Singapore licenses.
A map and three-tier structure of truly licensed crypto asset custody institutions worldwide in 2026: US, EU, and Singapore licenses.

Custody is a legal status, not a key architecture: regulation focuses on whether the provider can unilaterally transfer assets outside the client's control, and is unrelated to MPC or multisignature. The market is divided into three tiers—qualified custodians, custody technology, and wallet infrastructure. This article lists the truly licensed crypto asset custodians in 2026 and their regulatory status in the US, EU, and Singapore, and reviews recent license consolidation.

23
June
Spanish banks are shifting their blockchain recruitment focus to stablecoins and tokenization: EMI licenses and compliance talent development under MiCA regulation.
Spanish banks' digital asset strategy: Job positions, Qivalis program, and EMI authorization status should be verified separately.

CaixaBank's publicly disclosed job postings support its digital asset job needs; Qivalis and its member banks disclosed that the consortium is applying for DNB EMI authorization and plans to launch a euro stablecoin in the second half of 2026 after obtaining authorization, which cannot be described as having been licensed or issued.

18
June
Knaken, an unlicensed Dutch trading platform, goes bankrupt: failure of customer asset segregation and the boundaries of CASP licenses.
Knaken, an unlicensed Dutch trading platform, goes bankrupt: failure of customer asset segregation and the boundaries of CASP licenses.

Dutch prosecutors seized €220 million in crypto assets from the unlicensed platform Knaken, while clients had invested over €1,000 million. The shortfall stemmed from the lack of segregation of client assets, highlighting the necessity of a CASP license for protecting client assets.

17
June
Ireland has launched its first national anti-money laundering strategy, which will strengthen the review of transactions involving private crypto wallets.
Ireland has launched its first national anti-money laundering strategy, which will strengthen the review of transactions involving private crypto wallets.

Ireland released its first national anti-money laundering strategy on August 13, 2026, placing CASP at the core of its compliance obligations. The new regulations require enhanced scrutiny of transfers involving private wallets and strengthened due diligence on dealings with overseas crypto companies, based on the FATF Travel Rule. Ireland's 12-month MiCA transition period has ended, and obligations now fall directly on authorized institutions; EU

16
June
Mastercard's $18 billion acquisition of BVNK: MiCA, CASP, and EMI licenses become core assets.
Mastercard's $18 billion acquisition of BVNK: MiCA, CASP, and EMI licenses become core assets.

Mastercard completed its acquisition of stablecoin payments company BVNK for up to $18 billion on August 3, 2026, several months ahead of the originally scheduled end of the year. The actual target of the transaction was not technology or customers, but rather BVNK's Malta MFSA.

15
June
Ethereum DeFi platform Ether.fi launches tokenized stocks and portfolio staking lending: xStocks + Aave architecture and regulatory restrictions.
Ethereum DeFi platform Ether.fi launches tokenized stocks and portfolio staking lending: xStocks + Aave architecture and regulatory restrictions.

Ether.fi released its Summer update, adding xStocks tokenized shares (backed by Alpaca 1:1 + Chainlink PoR) and Aave portfolio lending on Optimism. Tokenized shares are unavailable in the US and some other markets due to regulatory restrictions, highlighting the compliance boundaries of cross-border securities distribution.

14
June
The End of the MiCA Transition Period and the Transition of Crypto Regulatory Oversight in the United States: An Analysis of the Governance Framework for Operational Risk as the Primary Investment Risk in Digital Assets
The MiCA transition period ended on July 1, 2026: ESMA requires unauthorized CASPs to exit immediately and in an orderly manner; first, consider the risks of customer migration and asset disposal.

As of now, the EU regulatory stance that can be directly confirmed is that the MiCA transition period ended on July 1, 2026. ESMA requires unauthorized crypto asset service providers to immediately cease acquiring new EU clients, reduce their services to the level necessary for an orderly exit, including asset sales or transfers and position closures, and clearly inform clients of their exit timeline. Publicly available information is insufficient to extrapolate this to cross-jurisdictional conclusions such as "US regulatory transition" or "operational risk has become the primary investment risk," therefore these expansions are no longer retained in this revised version.

11
June
EU MiCA: Stripe's Bridge receives dual CSSF licenses in Luxembourg; EMT issuers are added to the ESMA registry, becoming the 42nd licensed entity.
Bridge stated that it had obtained licenses from Luxembourg's MiCA CASP and EMI, and subsequent reports indicated that it had been added to the ESMA EMT directory.

Bridge officially announced on July 2nd that it had obtained MiCA CASP authorization and EMI license in Luxembourg, enabling it to expand its compliant stablecoin and euro payment services in 27 EU member states. Multiple reports on August 7th subsequently stated that its Luxembourg entity had appeared in the ESMA EMT directory; however, this rework no longer considers the "42nd licensed institution" designation as an independently verified conclusion.

10
June
Austria's FMA confirms Bybit Payments has obtained an EMI license: forming a dual-entity European pathway with Bybit EU's MiCA authorization.
2026 year 8 month 5 day

On August 4, 2026, the Austrian Federal Financial Markets Authority (FMA) officially confirmed that Bybit Payments GmbH had obtained an Electronic Money Institution (EMI) license, specifying that it can issue electronic money and provide certain payment services. For institutions focusing on entering the European market, the more important assessment is not the imagined functionality, but rather...

The Bank of Italy's test: Cross-border remittance costs for stablecoins can reach up to 9%—Compliance implications for EMI/PI licensed institutions under the MiCA and GENIUS Act framework.
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03
June
The UK's FCA has released its final rules for regulating crypto assets: the new system will fully take effect on October 25, 2027, and five policy statements establish four pillars for regulation: authorization, prudence, conduct, and stablecoins.
The UK's FCA has released its final rules for regulating crypto assets: the new system will fully take effect on October 25, 2027, and five policy statements establish four pillars for regulation: authorization, prudence, conduct, and stablecoins.

United KingdomFCA于2026年6月30日发布五份加密资产最终政策声明，确立全面监管框架。授权窗口期9月30日至2027年2月28日，强制制度10月25日生效。规则覆盖交易平台、托管商、稳定币发行商与质押服务商，Consumer Duty和FOS首次延伸至零售加密客户。

02
June
The data breach of the French encrypted tax platform Waltio, involving 5 users, is linked to a series of armed kidnappings: PSAN/MiCA licensed institutions issue a personal data protection compliance warning.
The data breach of the French encrypted tax platform Waltio, involving 5 users, is linked to a series of armed kidnappings: PSAN/MiCA licensed institutions issue a personal data protection compliance warning.

In January 2026, the French encrypted tax platform Waltio suffered a data breach, with the personal information of nearly 50,000 users listed for sale on the dark web. This incident has been linked to approximately 70 cases of armed kidnapping and extortion in France, and 88 people have been prosecuted. This article outlines the complete timeline, attack chain, and the role of PSAN/MiCA licensed institutions under GDPR.

01
June
MoonPay launches PayBox AI Payment Vault: Licensed payment institution deploys ChatGPT/Claude's agency payment compliance framework.
MoonPay launches PayBox AI Payment Vault: Licensed payment institution deploys ChatGPT/Claude's agency payment compliance framework.

On July 29th, MoonPay launched PayBox—the first non-custodial AI payment vault for ChatGPT and Claude. The product is built on MoonPay's global licenses: MTL in 47 US states + NY BitLicense, MiCA CASP in the EU, and FCA registration in the UK, employing MPC+TEE sharded key management and the x402 open payment standard. This marks the official entry of licensed payment institutions into the AI ​​agent payment arena, but cutting-edge regulatory issues such as KYC attribution and the legal validity of agent authorization remain to be clarified.

30
June
Circle executive Patrick Hansen calls for MiCA to establish an equivalent recognition mechanism for offshore stablecoins: only 3 out of the top 50 global stablecoins by market capitalization are compliant.
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29
June
Hungary abolishes mandatory third-party verification for crypto transactions; CoinCash receives the country's first MiCA license.
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29
June
The crypto industry merger wave following the full implementation of EU MiCA: Compliance warnings from 244 licensed institutions and 3,000+ exits.
The crypto industry merger wave following the full implementation of EU MiCA: Compliance warnings from 244 licensed institutions and 3,000+ exits.

MiCA will fully take effect on July 1, 2026. Of the 3,000+ crypto companies in Europe, only 244 have obtained CASP authorization, a survival rate of less than 8%. Kraken, Coinbase, and OKX account for 83% of trading volume, gaining a head start; Binance is facing contraction due to withdrawing its applications. Industry predictions indicate a large-scale M&A wave in the second half of the year, with high-quality unlicensed companies becoming acquisition targets for compliance giants. This article analyzes the MiCA licensing landscape, M&A logic, and the catalytic effect of the single passport mechanism on industry consolidation.

26
June
Global Crypto Industry Shutdown Wave in 2026: MiCA Compliance Warning – 99 Projects Exit the Market
Global Crypto Industry Shutdown Wave in 2026: MiCA Compliance Warning – 99 Projects Exit the Market

RootData's 2026 list of defunct crypto projects includes 99 projects that shut down, went bankrupt, or became unusable, an increase of nearly 30 from early July. AscendEX ceased all operations due to failing to obtain a CASP license after the full implementation of MiCA. Even prominent projects like Zapper were not spared. This article analyzes the driving factors behind this wave of project exits from a licensing compliance perspective and its implications for licensed institutions.

26
June
The EU extends Belarus's ban on ownership of crypto assets to all crypto service providers under the MiCA framework.
The EU extends Belarus's ban on ownership of crypto assets to all crypto service providers under the MiCA framework.

The European Council adopted Council Decision (CFSP) 2026/1847, prohibiting Belarusian nationals and residents from owning, controlling, or managing any cryptocurrency service providers under the MiCA (Miscellaneous Cryptocurrency Agency) regulation. This ban covers nine categories, including trading platforms, exchanges, order execution, asset issuance, transfers, investment advisory services, and asset management. The ban took effect on August 25, just three weeks before the end of the MiCA transition period.

24
June
Swiss State Bank BancaStato Launches Regulated Cryptocurrency Trading: A Compliance Blueprint for the Integration of Sygnum B2B Bank Platform with Avaloq Core System
Swiss State Bank BancaStato Launches Regulated Cryptocurrency Trading: A Compliance Blueprint for the Integration of Sygnum B2B Bank Platform with Avaloq Core System

On July 23, 2026, BancaStato, the Swiss cantonal bank, launched a regulated cryptocurrency trading platform in partnership with Sygnum and Avaloq. Customers can directly buy and sell BTC, ETH, LTC, and SOL through their existing banking app. Sygnum provides a dual compliance foundation with its Swiss banking license and MiCA CASP license, and its B2B network of over 25 banks covers more than one-third of Switzerland's population. BancaStato is the first cantonal bank to integrate digital assets into the Avaloq SaaS platform via the Sygnum API, providing a prime example of the large-scale deployment of bank-grade crypto infrastructure.

23
June
French AMF MiCA enforcement has been escalated: 38 unauthorized encrypted websites have been blacklisted since the beginning of the year, with unlicensed operations facing fines of up to €1,500 million.
French AMF MiCA enforcement has been escalated: 38 unauthorized encrypted websites have been blacklisted since the beginning of the year, with unlicensed operations facing fines of up to €1,500 million.

法国AMF自2026年初至今已将38家未授权加密网站列入黑名单，最近一批16家于7月8日公布。MiCA框架下None牌运营最高面临1,500万欧元或年营业额12.5%行政罚款，法国更可追加两年有期徒刑。黑白名单双轨制成为投资者保护核心工具。

23
June

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