Tether has announced plans to invest an undisclosed amount in Quantoz, a Dutch fintech company, to assist with the introduction of two new stablecoins — EURQ and USDQ, according to a Nov. 18 statement. Quantoz, which operates under a license from the Dutch Central Bank (DNB), plans to issue these stablecoins using Tether’s new Hadron…
Quantoz launches MiCA-compliant stablecoins USDQ and EURQ, pegged to USD and EUR. Backed by Tether, Kraken, and Fabric Ventures for strong market entry. Dutch fintech company Quantoz Payments has launched two MiCA-compliant stablecoins, USDQ and EURQ, with backing from Tether, Kraken, and Fabric Ventures. The tokens pegged to the U.S. dollar and euro, aim to…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Dutch fintech firm Quantoz Payments has unveiled two new stablecoins, EURQ and USDQ, backed by major players Tether, Kraken, and Fabric Ventures. These stablecoins, pegged to the euro and the U.S. dollar, are fully compliant with the European Union’s Markets in Crypto-Assets Regulation (MiCA). Licensed as e-money tokens by…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Archax, a U.K.-regulated crypto exchange and custodian recently made a strategic move to extend its European footprint. The crypto exchange has reached an agreement to acquire Spanish broker King & Shaxson Capital Markets (KSCM). This acquisition comes as the European Union tightens its grip on crypto with the upcoming…
Netherlands has invited public comments on a new draft bill on crypto tax reporting expected to align local rules with European Union regulations. The public can share opinions and comments up to Nov. 21, 2024. Adoption will see crypto service providers share user details starting January 1, 2026. The Dutch government has asked for public…
The following is a guest post by Anil Oncu, CEO of Bitpace. Since its inception in 2020, the European Union’s Markets in Crypto-Assets (MiCA) regulation has shed a new light on the European crypto industry. While many have considered the continent a less important player, the fledgling regulation has introduced a new narrative—one where Europe…
Italy plans to raise its capital gains tax on bitcoin to 42%, up from 26%, as part of efforts to fund election promises and curb the fiscal deficit. The government cites growing bitcoin adoption as a key factor. This comes as the European Union prepares to implement its Markets in Crypto-Assets Regulation (MiCA), aiming to…
The European Markets in Crypto-Assets Regulation (MiCA) has made a noticeable impact on the euro stablecoin landscape, according to a fresh report by Kaiko. The research points out that MiCA’s rollout has triggered several delistings and adjustments to offerings on major exchanges. Study: Euro Stablecoin Market Transformed by MiCA Three months into MiCA’s enforcement, the…
21Shares, a crypto investment firm, has called on the European Securities and Markets Authority (ESMA) to establish standardized regulations for incorporating crypto into UCITS (Undertakings for Collective Investment in Transferable Securities) funds, according to an Oct. 7 statement. The firm noted that the current approach lacks consistency and causes confusion for retail and institutional investors…
Coinbase has announced plans to delist Tether’s USDT and other stablecoins that do not comply with the European Union’s Markets in Crypto-Assets (MiCA) regulations by December 30, 2024. This decision is part of Coinbase’s efforts to adhere to the new rules, which require stablecoin issuers to obtain an e-money license in an EU member state….
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The EU’s MiCA was introduced in June, but won’t take effect until December Coinbase will deliver an update to its EU customers in November on how to switch their stablecoins to EU-compliant ones Circle was the first stablecoin issuer to receive an e-money license under MiCA regulations Crypto exchange Coinbase is to delist stablecoins that…
Coinbase will begin delisting non-compliant stablecoins that do not match new MiCA rules, including USDT, and complete the process by the end of 2024. Coinbase Global Inc. recently disclosed the plans in direct response to the European Union’s new MiCA regulations that will take effect on December 31. JUST IN: 🇪🇺 Coinbase to delist USDT…
Robinhood Markets’ crypto subsidiary is expanding its cryptocurrency offerings in the EU by enabling customers the ability to deposit and withdraw more than 20 different digital assets including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USD Coin (USDC). Robinhood debuted its crypto trading service in the EU in December of last year. While users could buy…
Financial giants Robinhood and Revolut are exploring launching their own stablecoins. Tether’s USDT leads the stablecoin market with a $120 billion market cap, holding over two-thirds of the total market. Robinhood Markets Inc. and Revolut Ltd., two prominent fintech firms, are reportedly exploring the possibility of launching their own stablecoins, as per a Bloomberg report….
Kraken’s acquisition of BCM boosts its European market presence and service offerings. The firm is well-prepared to adapt to new MiCA regulations, enhancing regulatory compliance. Kraken Exchange has officially announced the completion of its acquisition of Coin Meester B.V. (BCM), a Dutch digital asset broker. This strategic move underscores Kraken’s commitment to regulatory compliance and…
Sygnum, a Swiss digital asset banking group, has registered its local subsidiary with the Liechtenstein financial regulator. This move allows the company to offer regulated services in the EU and European Economic Area under the incoming MiCA framework. With plans for further growth in Asia, including Hong Kong and Singapore, Sygnum continues to strengthen its…
Swiss crypto banking group Sygnum told CryptoSlate that it has secured a crypto license in Liechtenstein via its local subsidiary. According to a Sept. 23 statement, the firm said its Liechtenstein subsidiary Sygnum Europe AG had been registered with the country’s Financial Market Authority (FMA) as a service provider under the Token and Trusted Technology…
The DLT Science Foundation (DSF) has announced its support for the launch of the MiCA Crypto Alliance, with Hedera, Ripple, and Aptos Foundation as founding members. This industry association aims to streamline and enhance compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulation, fostering a sustainable and compliant crypto ecosystem. The MiCA regulation, set…
The DLT Science Foundation (DSF) announced the launch of the MiCA Crypto Alliance on Sept. 16, with Hedera, Ripple, and the Aptos Foundation as founding members, according to a statement shared with CryptoSlate. The Markets in Crypto Assets (MiCA) regulation, recently approved by the European Union, aims to create a regulated digital asset environment that…
IOTA has highlighted some key developments and achievements that position it as a reliable partner in the European setting. Recently, IOTA was shortlisted as one of the three finalists of the European Blockchain Services pre-commercial procurement (PCP). IOTA (IOTA), in a recent blog post, detailed how its consistent demonstration of values makes it a reliable…