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Ripple has won preliminary approval for a Crypto Asset Service Provider license in Luxembourg, moving the payments firm toward full compliance under the EU's MiCA rules. Key Points: Ripple received a preliminary CASP authorization through a "Green Light Letter" from Luxembourg's CSSF. The license wi

Binance, the world's largest cryptocurrency exchange, could lose access to European Union clients from Jul. 1 after Greece's regulator moved to reject its license application. Key Points: Greece's markets watchdog is set to deny Binance authorization under the EU's MiCA framework. A rejection would

Europe's transitional window for crypto licensing closes Jul. 1, pushing most unlicensed exchanges off the EU market as Tether's USDT (USDT) loses its last regulated foothold. Key Points: MiCA's transition period ends Jul. 1 with no extensions across all 27 EU member states. Only about 194 crypto fi

Twelve major European banks are backing a euro-denominated stablecoin called Qivalis, with crypto custody firm Fireblocks providing the underlying infrastructure. Who Is in the Consortium The Qivalis consortium includes Banca Sella, BBVA, BNP Paribas, CaixaBank, Danske Bank, DekaBank, DZ BANK, ING,

The European Central Bank endorsed a European Union plan to strip national regulators of crypto oversight and hand it to a single EU-level authority. ECB Crypto Oversight Endorsement The ECB on Friday backed the European Commission's proposal to centralize supervision of key financial market partici