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Tether won't pursue European authorization for USDT (USDT). The company says MiCA's requirement to hold as much as 60% of reserves in EU banks carries too much risk. So USDT is exiting the EU for good. That leaves the door open for its main rival — Circle's USDC. Key Points: Tether never applied for

Europe's new crypto rulebook (MiCa) took full effect Wednesday, leaving just 244 of more than 3,000 previously registered firms authorized to keep serving European Union clients. Key Points Just 244 of the more than 3,000 firms once registered under national rules have secured authorization under Eu

Circle’s MiCA approval has turned Europe’s stablecoin deadline into a market opening as licensed exchanges remove Tether USDT (USDT). Key Points: Circle enters MiCA’s full phase with USDC and EURC cleared for regulated European venues. Tether did not seek the e-money-token authorization required und

Binance will suspend some services for European Union users from Jul. 1 after failing to secure a license under the bloc's MiCA crypto rules before the deadline. Key Points: Binance told customers in France, Italy, Poland and Spain it will not hold a MiCA license by the Jun. 30 cutoff. The exchange

Coinbase named Luxembourg its European hub Wednesday, opening regulated access to 450 million people across 27 states, as rival Binance abandoned its Greek licensing bid. Key Points: Coinbase opened a Luxembourg office on Jun. 24, naming the country its EU base under the MiCA framework. A single lic