MiCARegulation
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buy Pepe, ltc, luna, baby doge, neiro, ada.
The market is being manipulated so that the US can have a more accessible price when buying and not have to buy so high. Knowing that ltc and xrp will have an ETF, they are manipulating it to have good prices.
The move is big, guys. They are getting rid of USDT and taking USDC as the circulating currency; it’s all for the benefit of the US.
$BTC
$ADA
#MiCARegulation
$XRP
The market is being manipulated so that the US can have a more accessible price when buying and not have to buy so high. Knowing that ltc and xrp will have an ETF, they are manipulating it to have good prices.
The move is big, guys. They are getting rid of USDT and taking USDC as the circulating currency; it’s all for the benefit of the US.
$BTC
$ADA
#MiCARegulation
$XRP
#MiCARegulation #mica
The European market is being invaded by banks in crisis such as Santander, Deutsche Bank, BBVA, Barclays and Société Générale, who see in RLUSD, Ripple’s stablecoin, an opportunity to regain lost financial control. With liquidity problems and historic low prices, these banking giants are desperate to stay relevant in a system that no longer belongs to them.
Through their political and economic influence, they are pressuring European governments to implement regulatory barriers against independent competitors such as USDT. This coordinated attack, disguised as concerns about “transparency” and “security”, seeks to destroy Tether’s leadership and pave the way for a stablecoin tailored to their interests: RLUSD.
Regulations such as MiCA are the perfect weapon in the hands of these banks, which are orchestrating the delisting of USDT on key platforms in the European market. This is not an effort to protect users, but a calculated move to consolidate a financial monopoly that perpetuates their power. RLUSD is not an innovation, it is the Trojan horse of institutions seeking to centralize what was born to be free.
Banks like Santander, Deutsche Bank and Barclays, unable to adapt to a decentralized system, are using RLUSD as their latest move. This is not just another stablecoin, but a plan to capture the crypto ecosystem and return control to the hands of those who have failed to protect their customers time and time again.
The crypto community must not fall into this trap. We cannot allow these failing banks to turn Europe into their fortress of digital financial control. RLUSD and XRP are garbage, symbols of manipulation and centralization. The future of crypto is in decentralization and autonomy, not in banks desperate to survive.
#NoAlRlusd #XrpEsBasura #Descentralizacion #squarefamily #BITCOIN
Through their political and economic influence, they are pressuring European governments to implement regulatory barriers against independent competitors such as USDT. This coordinated attack, disguised as concerns about “transparency” and “security”, seeks to destroy Tether’s leadership and pave the way for a stablecoin tailored to their interests: RLUSD.
Regulations such as MiCA are the perfect weapon in the hands of these banks, which are orchestrating the delisting of USDT on key platforms in the European market. This is not an effort to protect users, but a calculated move to consolidate a financial monopoly that perpetuates their power. RLUSD is not an innovation, it is the Trojan horse of institutions seeking to centralize what was born to be free.
Banks like Santander, Deutsche Bank and Barclays, unable to adapt to a decentralized system, are using RLUSD as their latest move. This is not just another stablecoin, but a plan to capture the crypto ecosystem and return control to the hands of those who have failed to protect their customers time and time again.
The crypto community must not fall into this trap. We cannot allow these failing banks to turn Europe into their fortress of digital financial control. RLUSD and XRP are garbage, symbols of manipulation and centralization. The future of crypto is in decentralization and autonomy, not in banks desperate to survive.
#NoAlRlusd #XrpEsBasura #Descentralizacion #squarefamily #BITCOIN
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MAJOR BINANCE STEP IN STABLECOIN REGULATION
#MiCARegulation #elg
Binance (2025) is delisting Tether (USDt), Dai, and nine other stablecoins for users in the European Economic Area to comply with MiCA regulations. Users will still be able to trade using Binance Convert. While MiCA-compliant stablecoins (USDC, EURI) remain on the list, progress is being made in licensing efforts (Cointelegraph, 2025). This step highlights the importance of regulatory compliance for the industry.
$BTC $ETH #escoin
#MiCARegulation #elg
Binance (2025) is delisting Tether (USDt), Dai, and nine other stablecoins for users in the European Economic Area to comply with MiCA regulations. Users will still be able to trade using Binance Convert. While MiCA-compliant stablecoins (USDC, EURI) remain on the list, progress is being made in licensing efforts (Cointelegraph, 2025). This step highlights the importance of regulatory compliance for the industry.
$BTC $ETH #escoin
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MiCA Regulation Comes into Effect in the European Union
The MiCA Regulation (Markets in Crypto-Assets) came into effect in the European Union on December 30, 2024, establishing a pioneering regulatory framework for crypto assets. The new legislation aims to increase control over companies that manage crypto assets, protecting investors from potential fraud. Companies will need to register and be authorized, promoting greater transparency and trust in the market
#MiCARegulation #CryptoCompliance $USDC
The MiCA Regulation (Markets in Crypto-Assets) came into effect in the European Union on December 30, 2024, establishing a pioneering regulatory framework for crypto assets. The new legislation aims to increase control over companies that manage crypto assets, protecting investors from potential fraud. Companies will need to register and be authorized, promoting greater transparency and trust in the market
#MiCARegulation #CryptoCompliance $USDC
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Binance exchange announced that it would delist stablecoins from the European region within the framework of MiCA decisions. Among these stablecoins is $USTC .
The Terra Classic community reached out to Binance to prevent this and requested the reversal of the delisting decision, asserting that the stability of #USTC has been compromised.
The Binance exchange is asking for evidence regarding this matter. A voting process has been initiated on the Terra Classic chain for this purpose. It is requested that CoinMarketCap remove the "Stablecoin" labels from USTC and SRD. CoinMarketCap has made it mandatory to conduct a governance vote on this issue.
If the labels are removed as a result of this vote, $USTC may be saved from delisting. We understand that the Binance exchange is also taking a solution-oriented approach in this matter. We will follow what the $LUNC validators will decide on this issue.
"The stability of USTC has been compromised, and there would be no harm in removing the labels. These labels can be added back later."
#TerraClassic #Altcoins #MiCA #MiCARegulation $USTC
The Terra Classic community reached out to Binance to prevent this and requested the reversal of the delisting decision, asserting that the stability of #USTC has been compromised.
The Binance exchange is asking for evidence regarding this matter. A voting process has been initiated on the Terra Classic chain for this purpose. It is requested that CoinMarketCap remove the "Stablecoin" labels from USTC and SRD. CoinMarketCap has made it mandatory to conduct a governance vote on this issue.
If the labels are removed as a result of this vote, $USTC may be saved from delisting. We understand that the Binance exchange is also taking a solution-oriented approach in this matter. We will follow what the $LUNC validators will decide on this issue.
"The stability of USTC has been compromised, and there would be no harm in removing the labels. These labels can be added back later."
#TerraClassic #Altcoins #MiCA #MiCARegulation $USTC
$USDC $USDC
USDT and MiCA Regulation: Key Updates
MiCA Enforcement:
The European Union’s Markets in Crypto-Assets (MiCA) regulation will come into effect on December 30, 2024, introducing strict compliance for stablecoin issuers.
Impact on USDT:
Tether (USDT) has not yet obtained MiCA-compliant licenses.
Some European exchanges, such as Coinbase Europe, have already delisted USDT.
Alternatives like USDC and EURC are being promoted as MiCA-compliant stablecoins.
Current Status:
Binance and other exchanges continue to list USDT for European users but await further guidance from EU regulators.
Asian and other non-European markets remain unaffected by these changes.
Precautionary Measures:
1. Monitor market updates and regulatory changes.
2. Consider diversifying holdings to MiCA-compliant coins like USDC.
3. Stay informed through official Binance updates and credible crypto news sources.
This post is for informational purposes only and does not constitute investment advice.
#MiCARegulation #Binance #USDT
USDT and MiCA Regulation: Key Updates
MiCA Enforcement:
The European Union’s Markets in Crypto-Assets (MiCA) regulation will come into effect on December 30, 2024, introducing strict compliance for stablecoin issuers.
Impact on USDT:
Tether (USDT) has not yet obtained MiCA-compliant licenses.
Some European exchanges, such as Coinbase Europe, have already delisted USDT.
Alternatives like USDC and EURC are being promoted as MiCA-compliant stablecoins.
Current Status:
Binance and other exchanges continue to list USDT for European users but await further guidance from EU regulators.
Asian and other non-European markets remain unaffected by these changes.
Precautionary Measures:
1. Monitor market updates and regulatory changes.
2. Consider diversifying holdings to MiCA-compliant coins like USDC.
3. Stay informed through official Binance updates and credible crypto news sources.
This post is for informational purposes only and does not constitute investment advice.
#MiCARegulation #Binance #USDT
🚨Binance to Delist Tether and Other Stablecoins for EEA Users Due to MiCA Regulations
Binance has announced its intention to delist Tether ($USDT) and other stablecoins for users within the European Economic Area (EEA) in response to the upcoming Markets in Crypto-Assets (MiCA) regulations. This decision highlights the significant impact of new regulatory frameworks on the availability of certain crypto assets within specific jurisdictions.
#MiCARegulation #EEACrypto #Write2Earn
Binance has announced its intention to delist Tether ($USDT) and other stablecoins for users within the European Economic Area (EEA) in response to the upcoming Markets in Crypto-Assets (MiCA) regulations. This decision highlights the significant impact of new regulatory frameworks on the availability of certain crypto assets within specific jurisdictions.
#MiCARegulation #EEACrypto #Write2Earn
🚨 BREAKING: Google to Roll Out MiCA-Aligned Crypto Advertising Policies Across Europe from April 23! 🌍💡
Starting next month, Google will implement strict new advertising rules for crypto services in Europe, ensuring full compliance with the Markets in Crypto-Assets (MiCA) regulation. This move aims to boost transparency and protect investors in the fast-growing digital asset space.
🔹 What it means: Crypto ads must meet higher standards for clarity, risk disclosure, and legitimacy.
🔹 Why it matters: A major step toward a safer, more regulated crypto ecosystem in the EU.
#CryptoNews #MiCARegulation #GoogleUpdates #Blockchain #EURegulation
$BTC
$ETH
$XRP
Starting next month, Google will implement strict new advertising rules for crypto services in Europe, ensuring full compliance with the Markets in Crypto-Assets (MiCA) regulation. This move aims to boost transparency and protect investors in the fast-growing digital asset space.
🔹 What it means: Crypto ads must meet higher standards for clarity, risk disclosure, and legitimacy.
🔹 Why it matters: A major step toward a safer, more regulated crypto ecosystem in the EU.
#CryptoNews #MiCARegulation #GoogleUpdates #Blockchain #EURegulation
$BTC
$ETH
$XRP
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Why the Asset Declaration on Binance in Europe is Essential
Like any regulated financial platform, Binance requires its users in Europe to declare their assets. Reactions to this requirement have varied, ranging from incomprehension to accusations of extreme surveillance. However, this measure is essential to comply with regulations, but it is also widely misunderstood by those who criticize Binance for unfounded reasons.
Why the Declaration of Assets is Mandatory
<br />Photo by Kelly Sikkema on Unsplash<br />
Why the Declaration of Assets is Mandatory
<br />Photo by Kelly Sikkema on Unsplash<br />
13Days:
Binance is very far from being in compliance with the European authorities which are much less lax than the USA. I will write to the AMF to share my experience. 🤣
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The European Securities and Markets Authority (ESMA) confirmed that MiCA does not explicitly prohibit the custody and transfers of stablecoins that do not comply with the regulations, such as Tether's USDt.
However, it urged crypto asset service providers (CASPs) to restrict services that facilitate the acquisition of such assets, which increases the current uncertainty regarding compliance with MiCA.
#MiCARegulation
However, it urged crypto asset service providers (CASPs) to restrict services that facilitate the acquisition of such assets, which increases the current uncertainty regarding compliance with MiCA.
#MiCARegulation
Kraken will delist USDT and several other stablecoins in the EEA due to MiCAR regulations by March 31, 2025. Delisting process begins in February 2025 with full halt of spot trading on March 24, 2025
#Kraken #USDT #MiCARegulation #DelistingAlert
#Kraken #USDT #MiCARegulation #DelistingAlert
"USDT vs. USDC: Navigating the Stablecoin Shift in a Regulated Crypto World"
Prediction for USDT and USDC
As regulations like MiCA reshape the stablecoin landscape, here’s a detailed outlook for traders and investors navigating this evolving market:
1. USDT: Market Dominance Under Scrutiny
Strengths:USDT remains the most liquid and widely traded stablecoin, making it indispensable for high-volume traders.Its adoption across exchanges and blockchains ensures seamless accessibility.Challenges:Regulatory pressure and concerns about reserve transparency may limit its use in compliance-focused regions.MiCA regulation could push European investors to alternatives like USDC.Outlook:USDT’s dominance will persist in markets where compliance is less stringent. However, it may face increased competition in regulated regions.
2. USDC: The Compliance-Focused Alternative
Strengths:USDC’s strict adherence to regulatory standards and regular audits position it as a trusted choice for institutions.Growing adoption in DeFi platforms and remittances adds to its appeal.Challenges:Slightly lower liquidity compared to USDT may limit its utility for high-frequency traders.Adoption outside compliance-centric regions still lags behind USDT.Outlook:USDC is likely to gain market share, particularly in regions emphasizing transparency and regulation, such as Europe under MiCA.
What Should Traders Do?
Diversify Stablecoin Holdings:Balance between USDT and USDC to leverage their respective strengths: USDT for liquidity and USDC for compliance.Stay Updated on Regulations:Monitor updates on MiCA and other regulatory frameworks to adjust your strategy accordingly.Assess Use Cases:Use USDT for trading pairs and quick transactions.Choose USDC for DeFi, remittances, and long-term holdings where compliance is a priority.Monitor Market Sentiment:Regulatory announcements or audit findings could influence demand for either stablecoin.
#StablecoinShift #USDTvsUSDC #CryptoCompliance #MiCARegulation
#DeFiInvesting
Final Thought
The stablecoin market is evolving rapidly, and both USDT and USDC have roles to play in the crypto ecosystem. By understanding their differences and aligning your choices with your goals, you can navigate this transition effectively and capitalize on emerging opportunities. Stay informed, diversified, and adaptable!
As regulations like MiCA reshape the stablecoin landscape, here’s a detailed outlook for traders and investors navigating this evolving market:
1. USDT: Market Dominance Under Scrutiny
Strengths:USDT remains the most liquid and widely traded stablecoin, making it indispensable for high-volume traders.Its adoption across exchanges and blockchains ensures seamless accessibility.Challenges:Regulatory pressure and concerns about reserve transparency may limit its use in compliance-focused regions.MiCA regulation could push European investors to alternatives like USDC.Outlook:USDT’s dominance will persist in markets where compliance is less stringent. However, it may face increased competition in regulated regions.
2. USDC: The Compliance-Focused Alternative
Strengths:USDC’s strict adherence to regulatory standards and regular audits position it as a trusted choice for institutions.Growing adoption in DeFi platforms and remittances adds to its appeal.Challenges:Slightly lower liquidity compared to USDT may limit its utility for high-frequency traders.Adoption outside compliance-centric regions still lags behind USDT.Outlook:USDC is likely to gain market share, particularly in regions emphasizing transparency and regulation, such as Europe under MiCA.
What Should Traders Do?
Diversify Stablecoin Holdings:Balance between USDT and USDC to leverage their respective strengths: USDT for liquidity and USDC for compliance.Stay Updated on Regulations:Monitor updates on MiCA and other regulatory frameworks to adjust your strategy accordingly.Assess Use Cases:Use USDT for trading pairs and quick transactions.Choose USDC for DeFi, remittances, and long-term holdings where compliance is a priority.Monitor Market Sentiment:Regulatory announcements or audit findings could influence demand for either stablecoin.
#StablecoinShift #USDTvsUSDC #CryptoCompliance #MiCARegulation
#DeFiInvesting
Final Thought
The stablecoin market is evolving rapidly, and both USDT and USDC have roles to play in the crypto ecosystem. By understanding their differences and aligning your choices with your goals, you can navigate this transition effectively and capitalize on emerging opportunities. Stay informed, diversified, and adaptable!
#MiCARegulation Important announcement for EU users. Binance will forcely remove non mica-compliant currency pairs and will convert your stable coins to USDC by the end of March.
What that means, e.g. for $RED which is not traded in the pair with USDC, I am not sure.
What that means, e.g. for $RED which is not traded in the pair with USDC, I am not sure.
BBVA Expands Crypto Services with Bitcoin and Ethereum Trading in Spain
In a groundbreaking move for traditional banking, Spain’s second-largest bank, Banco Bilbao Vizcaya Argentaria (BBVA), has officially launched Bitcoin (BTC) and Ethereum (ETH) trading services for its customers in Spain. Announced on March 10, 2025, this initiative marks a significant step in bridging the gap between conventional finance and the rapidly evolving world of cryptocurrencies. BBVA’s new service, accessible via its mobile banking app, allows clients to buy, sell, and manage BTC and ETH transactions seamlessly, reinforcing the bank’s position as a pioneer in digital finance.
The rollout follows BBVA’s compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulation and approval from the Spanish Securities and Exchange Commission (CNMV). Initially, the service will be available to a select group of users, with plans to extend it to all private customers in Spain over the coming months. Unlike many crypto platforms, BBVA emphasizes security by managing its own cryptographic key custody platform, eliminating reliance on third-party providers to safeguard clients’ digital assets.
BBVA is no stranger to the crypto space, having offered similar services in Switzerland since 2021 and in Türkiye since 2023. However, this expansion into Spain signals a broader trend of European banks embracing digital currencies amid growing regulatory clarity. Alongside peers like Germany’s Deutsche Bank and France’s Société Générale, BBVA is paving the way for mainstream crypto adoption in Europe.
This move could reshape Spain’s financial landscape, potentially encouraging other banks to follow suit and boosting the country’s reputation as a fintech hub. As customer interest in digital assets surges, BBVA’s integration of BTC and ETH trading highlights the unstoppable convergence of traditional banking and blockchain technology.
#BBVACrypto #MiCARegulation #DigitalFinance #BlockchainAdoption #MarketPullback
In a groundbreaking move for traditional banking, Spain’s second-largest bank, Banco Bilbao Vizcaya Argentaria (BBVA), has officially launched Bitcoin (BTC) and Ethereum (ETH) trading services for its customers in Spain. Announced on March 10, 2025, this initiative marks a significant step in bridging the gap between conventional finance and the rapidly evolving world of cryptocurrencies. BBVA’s new service, accessible via its mobile banking app, allows clients to buy, sell, and manage BTC and ETH transactions seamlessly, reinforcing the bank’s position as a pioneer in digital finance.
The rollout follows BBVA’s compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulation and approval from the Spanish Securities and Exchange Commission (CNMV). Initially, the service will be available to a select group of users, with plans to extend it to all private customers in Spain over the coming months. Unlike many crypto platforms, BBVA emphasizes security by managing its own cryptographic key custody platform, eliminating reliance on third-party providers to safeguard clients’ digital assets.
BBVA is no stranger to the crypto space, having offered similar services in Switzerland since 2021 and in Türkiye since 2023. However, this expansion into Spain signals a broader trend of European banks embracing digital currencies amid growing regulatory clarity. Alongside peers like Germany’s Deutsche Bank and France’s Société Générale, BBVA is paving the way for mainstream crypto adoption in Europe.
This move could reshape Spain’s financial landscape, potentially encouraging other banks to follow suit and boosting the country’s reputation as a fintech hub. As customer interest in digital assets surges, BBVA’s integration of BTC and ETH trading highlights the unstoppable convergence of traditional banking and blockchain technology.
#BBVACrypto #MiCARegulation #DigitalFinance #BlockchainAdoption #MarketPullback
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With those mica regulations by March 31.
Will the coins we have bought in USDT be affected?
Will Luna and LUNC be removed?, or are they regulated?
#MiCARegulation
$BTC
$USTC
#LUNC
Will the coins we have bought in USDT be affected?
Will Luna and LUNC be removed?, or are they regulated?
#MiCARegulation
$BTC
$USTC
#LUNC
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For residents in the EU, here you have everything explained about the topic of #USDT and #MiCARegulation , I recommend reading the article and if you have USDT in your wallets, ACTION MUST BE TAKEN NOW!
There are still doubts about USDT in Europe and people don't know what to do, I invite you to read this article I wrote on this topic and I also provide solutions. 😉
#USDT #Europe
#USDT #Europe
MARKET MOVING NEWS 🗞️🚀🔥🔥
🔔 MARKET MOVING NEWS! (18/01/25)
1️⃣ Digital Currency Group Agrees to Settle SEC Charges for $38 Million ▶️
#DigitalCurrencyRevolution
According to a Jan. 17 filing, Digital Currency Group (DCG) has agreed to settle and pay $38 million to the U.S. Securities and Exchange Commission on Friday over allegations that it misled investors via the crypto firm's bankrupt Genesis Global Capital (GGC) lending unit. The charges were settled while neither admitting nor denying the allegations. Specifically, DCG and former Genesis CEO Soichoro “Michael” Moro have agreed to pay a combined $38.5 million in civil penalties, with DCG liable for $38 million and Moro liable for $500,000.
2️⃣ Bitcoin Miner MARA Holdings Immortalises Portrait Of Trump As Block Art ☄️
Publicly traded Bitcoin mining company MARA has reportedly hashed a portrait of U.S. President-elect Donald Trump onto the Bitcoin blockchain. Specifically, the president-elect’s portrait was hashed at block 879613 and is visible on indexers like Mempool.space. MARA chairman and CEO Fred Thiel stated that the move was intended to “honour” Trump for supporting Bitcoin.
3️⃣ Wyoming Proposes Bill For Strategic Bitcoin Reserve 💸
The state of Wyoming is reportedly the latest U.S. state to introduce a bill that seeks to create a Strategic Bitcoin Reserve. The bill was submitted by a group of five Republican legislators. Notably, the bill specifically states that it would permit the state treasurer to invest public funds in Bitcoin, but no other digital assets.
Commenting on the bill, Wyoming Senator Cynthia Lummis stated,
Wyoming took its first bold step toward a strategic bitcoin reserve! Thank you Rep. Wasserburger for introducing legislation to allow permanent funds to diversify into Bitcoin. This forward-thinking approach will benefit our state as we lead the nation in financial innovation!
Source
4️⃣ Crypto Exchange WazirX Freezes $3 Million Stolen in Hack 🥶
#HackerAlert #rugpullalert
Indian crypto exchange WazirX has reportedly frozen $3 million in USDT that was stolen last year in a devastating $230 million security breach. Notably, this comes after roughly four months of recovery efforts while WazirX is undergoing "restructuring proceedings." The freezing of USDT marks WazirX's first significant breakthrough in a complex recovery effort that spans multiple legal proceedings across jurisdictions.
5️⃣ Crypto.Com Obtains In-Principle Approval For a MiCA License ‼️
#MiCARegulation
Singapore-based crypto exchange Crypto.com has reportedly obtained an in-principle approval for a Markets in Crypto Assets (MiCA) license. The exchange still needs to obtain final approval for a full license. Once obtained, the MiCA license will allow crypto.com to operate in EU countries under a unified regulatory framework.
Crypto.com President and COO Eric Anziani stated,
We have always been fully supportive of MiCA and strongly believe it will bring clarity, transparency and establish a more streamlined sentiment towards the regulation of our industry across the EU, all of which adds to the building confidence in the crypto sector. We look forward to working with the Union to ensure we continue to grow in a compliant manner under the MiCA regulation.
1️⃣ Digital Currency Group Agrees to Settle SEC Charges for $38 Million ▶️
#DigitalCurrencyRevolution
According to a Jan. 17 filing, Digital Currency Group (DCG) has agreed to settle and pay $38 million to the U.S. Securities and Exchange Commission on Friday over allegations that it misled investors via the crypto firm's bankrupt Genesis Global Capital (GGC) lending unit. The charges were settled while neither admitting nor denying the allegations. Specifically, DCG and former Genesis CEO Soichoro “Michael” Moro have agreed to pay a combined $38.5 million in civil penalties, with DCG liable for $38 million and Moro liable for $500,000.
2️⃣ Bitcoin Miner MARA Holdings Immortalises Portrait Of Trump As Block Art ☄️
Publicly traded Bitcoin mining company MARA has reportedly hashed a portrait of U.S. President-elect Donald Trump onto the Bitcoin blockchain. Specifically, the president-elect’s portrait was hashed at block 879613 and is visible on indexers like Mempool.space. MARA chairman and CEO Fred Thiel stated that the move was intended to “honour” Trump for supporting Bitcoin.
3️⃣ Wyoming Proposes Bill For Strategic Bitcoin Reserve 💸
The state of Wyoming is reportedly the latest U.S. state to introduce a bill that seeks to create a Strategic Bitcoin Reserve. The bill was submitted by a group of five Republican legislators. Notably, the bill specifically states that it would permit the state treasurer to invest public funds in Bitcoin, but no other digital assets.
Commenting on the bill, Wyoming Senator Cynthia Lummis stated,
Wyoming took its first bold step toward a strategic bitcoin reserve! Thank you Rep. Wasserburger for introducing legislation to allow permanent funds to diversify into Bitcoin. This forward-thinking approach will benefit our state as we lead the nation in financial innovation!
Source
4️⃣ Crypto Exchange WazirX Freezes $3 Million Stolen in Hack 🥶
#HackerAlert #rugpullalert
Indian crypto exchange WazirX has reportedly frozen $3 million in USDT that was stolen last year in a devastating $230 million security breach. Notably, this comes after roughly four months of recovery efforts while WazirX is undergoing "restructuring proceedings." The freezing of USDT marks WazirX's first significant breakthrough in a complex recovery effort that spans multiple legal proceedings across jurisdictions.
5️⃣ Crypto.Com Obtains In-Principle Approval For a MiCA License ‼️
#MiCARegulation
Singapore-based crypto exchange Crypto.com has reportedly obtained an in-principle approval for a Markets in Crypto Assets (MiCA) license. The exchange still needs to obtain final approval for a full license. Once obtained, the MiCA license will allow crypto.com to operate in EU countries under a unified regulatory framework.
Crypto.com President and COO Eric Anziani stated,
We have always been fully supportive of MiCA and strongly believe it will bring clarity, transparency and establish a more streamlined sentiment towards the regulation of our industry across the EU, all of which adds to the building confidence in the crypto sector. We look forward to working with the Union to ensure we continue to grow in a compliant manner under the MiCA regulation.
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