mica

The chairman of AMLA pointed out that the large-scale migration of users after the transition period of MiCA may bring compliance pressure to EU crypto service providers, and AMLA will strengthen regulatory coordination.

According to Finance Magnates, Webull EU has obtained a MiCA license issued by the Dutch regulatory authority. This is also one of the first significant approvals of cryptocurrency licenses in the market after the transition period ended on July 1. Webull plans to use this license to launch cryptocurrency trading and custody services in Europe by the end of 2026.Webull Securities (Europe) CEO Andries van Luijk stated that this move is an important milestone in the company's expansion in the European market, and Webull will provide users with "secure and compliant digital asset services" under the EU's unified regulatory framework. According to reports, after the implementation of MiCA, the number of licensed cryptocurrency institutions in Europe is now close to 200.

According to The Block, Binance Co-CEO Richard Teng stated at the Reuters NEXT Asia summit in Singapore that after Binance suspended services to some EU users, about 70% of users' withdrawal assets flowed to self-custody wallets, with only 30% transferred to licensed platforms that comply with MiCA regulatory requirements.Richard Teng indicated that this data raises questions about the regulatory goals of MiCA. He pointed out that self-custody wallets are not subject to the anti-money laundering (AML) and KYC regulatory frameworks of regulated trading platforms, and the risk may actually increase once user assets are transferred to self-custody.Previously, Binance proactively withdrew its application for a MiCA license in Greece after it failed to be approved before the July 1 transition deadline, and suspended related services to affected EU users. Richard Teng stated that Binance has not given up on the European market, and several EU countries have invited it to reapply for local licenses, although he did not disclose specific countries.In addition, Richard Teng mentioned that Binance plans to continue accelerating its expansion in the Asian market, having already obtained relevant licenses or permissions in markets such as Japan, South Korea, Thailand, Indonesia, Australia, India, and Pakistan, and expects to gain more regulatory approvals this year. Currently, Binance's global user base has increased to approximately 323 million.

According to The Block, the European Union is considering revising its Markets in Crypto-Assets Regulation (MiCA), just about a week after this crypto regulatory framework fully came into effect. The European Commission is seeking feedback from relevant stakeholders, with a deadline of September 30.According to several anonymous sources familiar with the matter, the European Commission is assessing whether to expand the regulatory scope of MiCA to include emerging areas such as tokenization and non-EU stablecoin issuers.MiCA is a comprehensive regulatory framework established by the EU for crypto assets, aimed at creating unified rules for the issuance, trading, custody, and other related services of crypto assets across the EU. The regulation officially comes into effect in December 2024, but most service providers have been granted a transition period to complete compliance adjustments, which lasts until July 1 of this year.

According to CoinDesk, with the official full implementation of the EU's Markets in Crypto-Assets Regulation (MiCA), the European digital asset market has entered a new era of unified regulation. Regarding the impact of MiCA on the industry landscape, Dr. Han, founder and CEO of Gate, stated in an interview that Gate began laying the groundwork for compliance in Europe several years ago and completed preparations for MiCA and Payment Institution (PI) licenses ahead of schedule in 2025. He pointed out that the significance of MiCA lies not only in establishing a unified regulatory framework but, more importantly, in ensuring that all market participants start from the same starting line. "Only when all platforms adhere to the same rules can the industry truly compete based on products, services, and user experience." At the same time, he also mentioned that if unauthorized platforms can still provide services to European users, the fair competition environment will still face challenges, making the effective enforcement of regulations equally crucial.Currently, Gate Europe has been continuously improving its compliance system, risk management, and operational governance capabilities based on the dual licenses of MiCA and PI, while deepening its global compliance layout. In addition to Europe, several entities under Gate have completed relevant regulatory registrations, license applications, or obtained authorizations and approvals in jurisdictions such as Malta, the Bahamas, Japan, the United States, Australia, and Dubai, solidifying the global business foundation through multi-regional regulatory licenses and continuously providing safer, more transparent, and efficient digital asset services to global users. In the future, Gate will continue to adhere to the parallel development of compliance and innovation, promoting the long-term healthy development of the digital asset industry with higher quality product experiences and global service capabilities.

Circle's Senior Director of Strategy and Policy for the EU, Patrick Hansen, cited the temporary registration data from the European Securities and Markets Authority (ESMA) to release statistics on compliant institutions one week after the full implementation of the regulations. Currently, there are 21 authorized Electronic Money Token (EMT) issuers in the EU, distributed across 12 member states, with a total of 35 EMTs issued, pegged to 8 types of fiat currencies; among them, France continues to lead other member states with 6 licensed issuers.Meanwhile, the current number of approved Asset-Referenced Token (ART) issuers remains at 0, while the total number of registered Crypto Asset Service Providers (CASP) under the MiCA framework has exceeded 270.

According to The Block, Ripple announced that it has obtained a full authorization as a MiCA CASP (Crypto Asset Service Provider) issued by the Luxembourg financial regulator CSSF, allowing it to legally provide crypto asset services in all 30 countries of the European Economic Area.

The stablecoin payment and issuance infrastructure Bridge officially announced that it has successfully obtained authorization as a crypto asset service provider under the Markets in Crypto-Assets Regulation (MiCA) in Luxembourg, as well as an Electronic Money Institution (EMI) license. With this dual license, its compliant business scope will cover all 27 EU member states.It is reported that this move will significantly expand Bridge's stablecoin service capabilities in the European market. Based on the new license, European businesses and developers can now provide their customers with a real-name virtual IBAN and euro accounts that are universally applicable across the EU through a single integrated interface. In addition, businesses will also be able to compliantly issue customized euro stablecoins for use in scenarios such as cross-border fund transfers and efficient low-cost settlements between institutions.

According to BeInCrypto's latest selection, Gate was included in the "Best MiCA-Licensed Crypto Platforms in 2026" and was awarded "Best for Access to a Large Cryptocurrency Selection." The selection pointed out that Gate provides a diversified digital asset ecosystem covering spot trading, contracts, wealth management, and Web3 services, offering European users a more comprehensive digital asset trading experience with its extensive asset coverage and product system.With the official end of the transition period for the EU's Markets in Crypto-Assets Regulation (MiCA), the European digital asset market has fully entered an era of unified regulation. Gate Europe has previously obtained the EU MiCA license and Payment Institution (PI) license, which provide solid support for Gate Europe's operations under the European regulatory framework and further enhance the platform's capabilities in compliance operations, risk management, and long-term development. The recognition from a well-known industry media outlet further reflects Gate's positive progress in promoting compliance construction and continuously optimizing product services in Europe. Gate's founder and CEO Dr. Han stated that the formal implementation of MiCA signifies the official end of the "regulatory arbitrage" era in the European crypto industry, and market competition will increasingly return to the essence of products, security, and user experience. This viewpoint was also reprinted by Cointelegraph, further demonstrating the industry's broad attention to the new era of European regulation.Currently, multiple entities under Gate have completed relevant regulatory registrations, license applications, or obtained authorizations and approvals in jurisdictions such as Malta, the Bahamas, Japan, the United States, Australia, and Dubai, solidifying the global business foundation through multi-regional regulatory licenses and registrations. The platform continues to advance its global compliance strategy, continuously improving its global compliance network to provide users with safer, more transparent, and efficient digital asset services.

According to Coin Bureau, Tether CEO Paolo Ardoino explained the reason why USDT has not applied for the EU MiCA license, stating that the regulation is "very dangerous for stablecoins."He mentioned that MiCA could force issuers to keep 60% of their reserves in uninsured cash deposits at small European banks, which may not be able to handle large-scale redemptions. Ardoino believes the legislation is "poorly considered" and stated that "skipping MiCA is to protect Tether's over 400 million users."

The Spanish National Securities Market Commission has authorized the cryptocurrency platform Venga to operate under the EU's Markets in Crypto-Assets Regulation (MiCA), making it one of the few entities in Spain to receive MiCA approval. The MiCA transitional period took effect on July 1, and digital asset companies that previously operated under national rules must obtain formal approval under the new regime, or they must cease providing regulated services in the EU.This authorization allows Venga to provide services within the market composed of 27 EU member states based on a single regulatory framework. Michael Stroev, co-founder and CEO of Venga, stated that the MiCA review covers aspects such as ownership structure, corporate governance, management suitability, risk framework, and product infrastructure. Previously, over 3,000 crypto companies in the EU held local virtual asset service provider registrations, but currently, about 240 companies have received full MiCA authorization, with fewer than 15 companies approved in Spain.

According to the official announcement, with the transition period of the EU's Markets in Crypto-Assets Regulation (MiCA) officially ending on July 1, the European digital asset market has officially entered a new regulatory phase. Gate Europe had previously completed its MiCA license and Payment Institution (PI) license layout in 2025, and the platform will continue to provide compliant digital asset services to users under the European regulatory framework.Relying on the dual licenses of MiCA and PI, Gate Europe continues to improve its compliance system, risk management, and operational governance capabilities, deeply integrating regulatory requirements into business operations, and continuously strengthening internal controls, compliance processes, and security mechanisms to provide European users with safer, more transparent, and efficient digital asset services. At the same time, the company maintains close communication with European regulatory authorities and industry partners, actively adapting to changes in the regulatory environment, and continuously enhancing the platform's long-term stable operation capabilities.Gate Europe's CEO Dr. Giovanni Cunti stated that the completion of the MiCA transition period marks a move towards a more standardized and transparent development phase for the European digital asset market. In the future, Gate Europe will continue to increase investments in compliance capability building, professional talent training, and operational resilience, with compliance, security, and innovation at its core, continuously promoting the healthy development of the digital asset industry.

Binance's co-CEO Richard Teng issued a statement regarding the MiCA regulatory transition, stating that user asset security is a priority, and affected users can continue to use the notified options, including withdrawal functions. Binance is directly communicating with affected users about the next steps and available options, and advises users to contact customer service through official channels. Teng stated that the team's focus is on providing clear guidance, service continuity, and confidence for users during the transition period.

According to CoinPost, bitFlyer Europe, a subsidiary of bitFlyer Holdings in Luxembourg, has obtained the CASP license under the MiCA framework issued by the Luxembourg Financial Supervisory Authority (CSSF), effective June 26. With this license, bitFlyer can provide cross-border services across all 27 member states of the European Union. bitFlyer stated that this is the first time a Japanese cryptocurrency exchange has obtained a CASP license under MiCA.

According to Protos, the Estonia-based cryptocurrency exchange Coinmetro has announced that it has submitted a restructuring application to the local court. The platform stated that this move is due to "a special situation caused by the bankruptcy of a financial service provider," and has fully suspended user registration, deposits, and withdrawals since June 22.Coinmetro CEO Kevin Murcko revealed that the failure of the related provider actually occurred years ago, but as the July 1 deadline for compliance with the EU's Markets in Crypto-Assets Regulation (MiCA) approaches, this legacy funding gap has had a substantial and fatal impact on the company's balance sheet. Additionally, reports indicate that Coinmetro is currently facing issues in Estonia, including overdue annual reports and unpaid taxes, and was sued last August by the bankruptcy trustee Prime Trust, seeking to recover approximately $1.2 million that was withdrawn before its collapse.

The Italian fintech company Hodli has been authorized by the Bank of Italy to become the first licensed crypto asset portfolio management institution in the country under the EU's Markets in Crypto-Assets Regulation (MiCA). It is reported that this authorization allows Hodli to break through the traditional limitations of single custody services and directly provide clients with active crypto asset portfolio management services.