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Four digital asset firms—MoonPay, BitStaete, ZBD, and Hidden Road—have secured the first Markets in Crypto Assets (MiCA) licenses in the Netherlands, marking a significant step in the EU's regulatory landscape. This development allows them to operate across all 27 EU member states, reflecting the Netherlands' proactive stance on crypto regulation.As MiCA regulations come into effect, Tether's USDT stablecoin faces scrutiny, with Coinbase already delisting it for EU customers due to compliance concerns. The new rules impose stringent requirements on stablecoin issuers, potentially impacting market liquidity and stability.
Crypto brokerage FalconX has acquired derivatives platform Arbelos Markets, enhancing its offerings for institutional clients. The deal, confirmed by CEO Raghu Yarlagadda, is expected to be financed through a mix of stock and cash, positioning FalconX for future growth in the crypto derivatives market. Founded in 2018, FalconX claims to be the largest crypto prime brokerage, while Arbelos was launched in 2023 by former bankers Joshua Lim and Shiliang Tang.
Sensitive information from crypto event attendees is being sold online, raising phishing concerns. Lists include personal details like names, phone numbers, and social media links, with prices reaching up to $4,000. The trade appears organized, with data sourced from multiple international events, highlighting risks for those sharing personal information during registration.
The PUK report on the Credit Suisse debacle fails to address the critical issue of character, attributing the bank's downfall more to a toxic mindset than to insufficient capital. Key figures, including Chairman Urs Rohner, exemplified a culture of greed and recklessness, leading to disastrous consequences. The report highlights systemic failures by regulatory bodies but overlooks the profound impact of leadership on the bank's fate.
Tether has invested in Malta-based StablR to enhance stablecoin adoption in Europe, aligning with the upcoming MiCA framework set to take effect on December 30, 2024. StablR's EMI license enables the development of compliant stablecoins like EURR and USDR, aimed at improving liquidity and transaction efficiency. This partnership also leverages Hadron, a new tokenizing tool that ensures compliance with regulatory standards, addressing the growing demand for secure digital assets in the European market.
Tether has invested in Malta-based stablecoin firm StablR, which operates the StablR Euro (EURR) and StablR USD (USDR) stablecoins, as Europe prepares for the implementation of the Markets in Crypto-Assets Regulation (MiCA) on December 30, 2024. StablR, founded in 2023, recently obtained an Electronic Money Institution license, enabling it to issue compliant stablecoins. Tether's investment reflects a strategic shift towards supporting MiCA-compliant projects, allowing it to navigate regulatory challenges while fostering innovation in the European stablecoin market.
Tether has invested in European stablecoin issuer StablR as it navigates compliance challenges with the upcoming MiCA regulations. This strategic move allows Tether to support fully compliant stablecoins while distancing itself from its non-compliant USDT, which faces delistings from exchanges. StablR, backed by Tether, is positioned to offer regulated digital assets through its Electronic Money Institution license, aligning with the EU's push for standardized governance and verifiable reserves in the stablecoin market.
Tether has invested in Malta-based stablecoin firm StablR, enhancing its presence in Europe's stablecoin market amid USDT uncertainties. StablR operates the euro-backed EURR and dollar-pegged USDR, utilizing Tether's Hadron platform, as the European stablecoin market, valued at $367 million, prepares for new regulations. StablR, which raised €3.3 million in a seed round, aims to deliver compliance and liquidity in the evolving landscape.
Tether has invested in StablR, a European stablecoin provider, to enhance stablecoin adoption in Europe as the EU's MiCA regulation deadline approaches. StablR, now licensed in Malta, will use Tether's Hadron platform for asset tokenization and compliance, aiming to boost the EURR and USDR stablecoins' interoperability. The move reflects Tether's commitment to compliance and innovation in the growing digital asset economy.
Tether has invested in European stablecoin issuer StablR, which issues euro and U.S. dollar stablecoins and recently obtained an EMI license in Malta to comply with EU regulations. Tether will support StablR with its tokenization platform Hadron, enhancing compliance and risk management. CEO Paolo Ardoino expressed concerns about the systemic risks posed by new regulations, particularly for the European banking sector, while highlighting the growing importance of stablecoins in the digital asset market.
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Tether invests in StablR to align with European stablecoin regulations
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Tether invests in StablR to enhance European stablecoin market presence
14:00 17.12.2024
Tether invests in StablR to enhance stablecoin adoption in Europe
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