micar

According to Cointelegraph, Germany's second-largest bank DZ Bank has received MiCAR approval to operate the crypto platform "meinKrypto," initially offering BTC, ETH, LTC, and ADA.

ABN AMRO, the Dutch bank, has made new progress in the field of digital assets. Its German subsidiary, Hauck Aufhäuser Digital Custody, has obtained authorization under the EU's Markets in Crypto-Assets Regulation (MiCAR) to provide custody and trading-related services for institutional clients under a unified regulatory framework, with plans to gradually expand to other EU member states.MiCAR officially came into effect on December 30, 2024. This approval means that ABN AMRO is one of the early institutions to obtain this license. At the same time, ABN AMRO has completed its first cross-border over-the-counter "Smart Derivatives Contract" (SDC) transaction with DZ BANK. This transaction operated on blockchain technology for 10 days, with settlement, valuation, and collateral management automatically completed on-chain, and related payments executed instantly via SEPA and returned to the smart contract, aimed at reducing operational complexity and counterparty risk in OTC derivatives trading. ABN AMRO stated that regulatory compliance and on-chain financial infrastructure will become important components of its efforts to promote digital assets and financial innovation in Europe.

The Italian Securities Market Regulator (Consob) issued a notice reminding that, according to the EU Regulation on Markets in Crypto-Assets (MiCAR), virtual asset service providers (VASP) currently registered with the OAM in Italy must submit an application to transition to a regulated crypto asset service provider (CASP) by December 30, 2025, in order to continue operating. Otherwise, they will not be allowed to provide related services from that date, and must cease operations by June 30, 2026, at the latest.Consob specifically reminds investors: it is essential to confirm whether the VASP currently partnered with plans to apply for a CASP license; check if the service provider is listed in the ESMA (European Securities and Markets Authority) or OAM registry; if the service provider is not authorized, investors have the right to request the return of their assets. Consob also reiterates its urging to VASP: those who have not applied for CASP authorization must cease operations by December 30, close all contracts, and return user funds; clearly disclose future operational plans or exit arrangements to users. This notice is part of the comprehensive implementation of MiCAR in the EU, ensuring a smooth and orderly transition in the market.

Nine large European banks Banca Sella, CaixaBank, Danske Bank, DekaBank, ING, KBC, Raiffeisen Bank International, SEB, and UniCredit announced the launch of a stablecoin issuance institution Qivalis that complies with MiCAR standards. This institution will issue euro stablecoins under the supervision of the Dutch Central Bank (DNB), with plans to launch the euro stablecoin in the second half of 2026.It is reported that BNP Paribas SA has recently joined the alliance, further expanding the number of financial institutions participating in this MiCAR-compliant euro stablecoin initiative.

KuCoin announced that its EU entity, KuCoin EU, has officially obtained a MiCAR license in Austria, allowing it to provide fully compliant digital asset services in 29 countries across the EU.This development marks KuCoin's achievement of one of the highest regulatory standards globally, becoming an important milestone in its global compliance strategy, further consolidating its compliance position in the international market, and bringing a safer and more transparent service experience to European users. In the future, KuCoin will continue to promote the robust and healthy development of the global crypto industry through its $2 billion trust plan and multiple top security certifications.

ChainCatcher news, the universal blockchain ZetaChain announced the official release of its crypto asset market regulation (MiCAR) white paper in accordance with EU regulation (EU) 2023/1114. This makes ZETA one of the first Layer 1 network tokens to comply with MiCAR, enhancing accessibility for users and institutions in the European Economic Area (EEA).In addition to achieving MiCAR compliance in Europe, ZetaChain has also been officially recognized by the Dubai Financial Services Authority (DFSA) under its crypto token regime. This recognition authorizes the use of ZETA within the Dubai International Financial Centre (DIFC).

ChainCatcher news, according to Jinshi reports, European Central Bank President Lagarde stated that the EU's regulation on crypto assets (MiCAR) aims to address the risks of stablecoins in two ways. First, stablecoin issuers must allow EU investors to redeem their held assets at face value at all times. Second, stablecoin issuers must hold a significant proportion of reserves in bank deposits.

ChainCatcher news, according to CoinDesk, the cryptocurrency trading platform Bison, part of the Stuttgart Stock Exchange Group in Germany, will add 6 new cryptocurrencies by the end of July, bringing its total to 32.Users will be able to trade LDO, BNB, AVAX, ONDO, PEPE, and NEAR without paying transaction fees. These new features expand Bison's asset coverage in key areas of the crypto market, from liquid staking and meme coins to blockchain infrastructure and real-world asset tokenization.All cryptocurrencies traded on Bison are held by Boerse Stuttgart Digital Custody GmbH, the first German company to obtain a MiCAR cryptocurrency custody license. The platform serves users in 72 countries/regions and currently caters to 960,000 retail investors.

ChainCatcher news, Ethena Labs stated on social media that Ethena has reached an agreement with the German financial regulator BaFin to close all operations of its German subsidiary Ethena GmbH and will no longer apply for MiCAR authorization.As of March 21, 2025, Ethena GmbH has ceased all minting or redemption operations, and related activities are now handled by Ethena (BVI) Limited, with users having completed the migration. Ethena GmbH no longer has any whitelisted users or direct clients.

ChainCatcher news, according to Bitcoin.com, the digital asset platform Bitpanda has announced that it has obtained the crypto asset market regulatory license (MiCAR) issued by the Austrian Financial Market Authority (FMA). This is the third MiCAR license obtained by Bitpanda following similar approvals in Germany and Malta, aimed at promoting regulatory compliance in the crypto sector in the European market.

ChainCatcher news, according to Ledger Insights, the German parliament has passed the "Financial Market Digitalization Act."This act not only involves cryptocurrencies and MiCAR but also affects other EU laws, such as DORA and the Funds Transfer Regulation. Most of the European crypto assets market regulation (MiCAR) will come into effect by the end of the year, but German companies are unable to obtain MiCAR cryptocurrency licenses issued by BaFin due to legislative delays. Foreign companies can operate freely in Germany and the EU after obtaining licenses elsewhere. Each country must designate a regulatory authority to issue licenses to crypto asset service providers, with Germany designating BaFin, but the relevant legal draft had previously not been passed.

ChainCatcher news, on Wednesday, the German Parliament (Bundestag) finally passed the bill, the Financial Market Digitalization Act (Finanzmarktdigitalisierungsgesetz of FinmadiG). It was placed on the agenda in a short time to ensure that legislation is in place before MiCAR comes into full effect on December 30.FinmadiG not only concerns cryptocurrencies and MiCAR but also affects other EU laws, such as DORA and the Funds Transfer Regulation. However, for MiCAR, it introduces the Cryptocurrency Market Regulation Act (KMAG), which replaces Germany's old cryptocurrency rules with MiCAR.

ChainCatcher news, Tether announced it will invest in Quantoz Payments to launch a stablecoin compliant with MiCAR standards.

ChainCatcher news, according to crowdfundinsider, the three major European regulatory authorities (EBA, EIOPA, and ESMA, collectively referred to as ESA) have released a consultation document on the regulation of crypto assets (MiCAR), establishing "a template for explanations and legal opinions on the classification of crypto assets, as well as standardized tests aimed at promoting a common approach to classification."

ChainCatcher news, ECB Executive Board member Panetta stated that the Bank of Italy will issue a market notice in the coming days on how to implement the upcoming EU crypto asset regulation "MICAR". "MICAR" defines electronic money tokens (EMT) and asset-referenced tokens (ART) as means of payment and exchange.