In order to comply with the MiCA Act, OKX decided to abandon France and choose Malta as its base for development in the EU
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BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed pleaded guilty to similar criminal charges in 2022 and received probation.
The regulations on stablecoins came into effect at the end of June and do have some strict restrictions, and once the limits are reached, stablecoin activities must cease.
Societe Generale – Forge, a subsidiary of French bank Societe Generale, also announced that it had obtained an Electronic Money Institution (EMI) license and that its EURCV stablecoin was compliant with the MiCA regulations that came into effect on June 30.
The BCSC found LiquiTrade guilty of operating an illegal exchange, which could result in sanctions such as fines or even injunctions.
Circle announced that its USDC and EURC stablecoins have complied with the EU’s new stablecoin regulations, becoming the first global stablecoin issuer to comply with MiCA regulations. From July 1, Circle officially issued these two stablecoins to European customers.
Jurisdictions from the United States to South Asia are creating various cryptocurrency regulatory regimes, making international business more difficult. The situation is different in Europe, which has a region-wide Market Regulation in Crypto-Assets (MiCA) act.
Option2Trade (O2T) emerges as a strong contender in the crypto market, offering an AI-driven social trading platform in its presale phase. Positioned under $1, O2T competes with dYdX and Polygon, presenting a promising investment opportunity. With a focus on governance, versatility, and a attractively low presale price, O2T aims to disrupt the market and stands out as a potential top pick for investors in 2024.
The Cheongju administration is collaborating with seven prominent South Korean crypto exchanges, such as Upbit and Bithumb.
Legal texts to license crypto firms and vet transactions were agreed by national diplomats after political deals struck in June.