OSL Group secures MiCA authorization in Austria for crypto services across Europe

The post EU Set to Revise MiCA in 2027 to Cover Foreign Stablecoin Issuers appeared on BitcoinEthereumNews.com. In brief The EU is preparing to reopen its Markets in Crypto-Assets (MiCA) rulebook, likely in 2027, to regulate non-EU stablecoin issuers and broaden its scope, EU diplomats told Euronews. The push follows the U.S. GENIUS Act and President Trump’s promotion of dollar-backed stablecoins, which make up 95% of the market. The European Commission is consulting stakeholders until September 30 before deciding whether to formally reopen the law. The European Union is preparing to reopen its flagship crypto rulebook to bring non-EU stablecoin issuers under its supervision, as U.S. President Donald Trump’s embrace of dollar-pegged tokens unsettles European regulators, Euronews reported, citing several EU diplomats. MiCA, the bloc’s landmark crypto framework, only fully came into force on July 1, but officials already see a rewrite as inevitable. “Reopening the file seems unavoidable

The post EU to Reopen MiCA in 2027 to Cover Foreign Crypto Issuers appeared on BitcoinEthereumNews.com. MICA News The European Commission is preparing to reopen the Markets in Crypto-Assets Regulation, the bloc’s landmark crypto framework known as MiCA, barely a week after the rules took full effect. The official consultation signals that the revision would extend supervision to non-EU crypto asset issuers and tokenized means of payment, with a formal proposal expected in 2027. The Commission is gathering stakeholder feedback through September 30 as it weighs whether to formally reopen the file, though lawmakers increasingly view a review as inevitable. The move indicates that Europe intends to close structural gaps before its rulebook hardens into the global compliance benchmark for digital assets circulating across member states. At the center of the review lies a supervisory blind spot: MiCA does not specifically govern non-EU companies that issue crypto assets while operating insid

Trump's embrace of stablecoins is pushing Brussels to expand its crypto law to non-EU issuers and tokenized payments, EU diplomats say.

The post AscendEX Shuts Down as User Balance Payouts Remain Uncertain appeared on BitcoinEthereumNews.com. AscendEX shut down after MiCA pressure, weak liquidity, and failed funding left operations unsustainable. Users face delayed manual withdrawals, with the exchange unable to guarantee full balance recovery. ZachXBT had flagged nearly empty hot wallets before the shutdown, including ETH, USDT, USDC, and SOL. The closure revives custody concerns after AscendEX’s 2021 breach, which caused about $78M in losses. AscendEX has shut down after regulatory, financial, and operational pressures pushed the crypto exchange into a controlled offboarding process. The platform ceased operations on July 1, then published a notice on July 6 explaining the decision. JUST IN: ASCENDEX SHUTS DOWN AND USERS MAY NOT GET FULL BALANCES BACK Crypto exchange AscendEX has ceased operations on July 1, citing MiCA, regulatory, financial and operational pressure. The company’s statement indicated that current li

The post AscendEX Shutdown Sparks Fresh Fears Over Customer Withdrawals  appeared on BitcoinEthereumNews.com. AscendEX halted operations as manual withdrawal reviews left customers uncertain about accessing their funds.  ZachXBT questioned AscendEX’s liquidity, saying its hot wallets may not cover verified customer claims.  AscendEX blamed financial strain and MiCA as its closure renewed concerns over exchange stability. Blockchain investigator ZachXBT raised fresh concerns after crypto exchange AscendEX announced it would shut down, leaving customers uncertain about whether they will be able to withdraw their funds.  In a Telegam post, he said users with money still on the platform could face challenges getting it back, claiming the exchange’s publicly known hot wallets do not appear to hold enough liquid assets to cover verified multi-million-dollar customer claims. “AscendEX admits in its announcement withdrawals may or may not be processed,” ZachXBT wrote. He urged affected users t

Insider Brief Aidoptation received approval from Belgian authorities for what is says is the first test of a fully autonomous vehicle on public highways at speeds up to 120 kilometers an hour. According to the Belgium-based autonomous-vehicle company, the permit covers 100 kilometers on the E313 and E314 highways in the province of Limburg. Aidoptation […]

The post MiCA Wiped Out 92% of Europe’s Crypto Firms: Here’s Who Survived and Who’s Cashing In appeared on BitcoinEthereumNews.com. The MiCA transition period ended on July 1, 2026, and the damage is now measurable. This wasn’t a soft compliance nudge — it was a mass extinction event that redrew the entire European crypto map in a single day. While the market obsessed over price charts, the more consequential story is who’s still legally allowed to operate on the continent, and who just quietly disappeared. Advertisement How many crypto firms actually survived MiCA? The numbers are brutal. Public mirrors of the bloc’s register counted 244 licensed CASPs across 25 jurisdictions once the deadline passed. Before MiCA, roughly 3,167 firms held national crypto registrations across Europe. Measured against that base, close to 92% of the market did not make the cut. Framed against the pre-MiCA legacy pool, only 210 of 1,200+ EU crypto firms converted to MiCA authorization. The other 83% are n

The EU's evolving sanctions strategy could increasingly restrict Russian crypto activities, impacting global crypto compliance and market dynamics. The post EU set to approve new Russia sanctions on July 13, continuing crypto crackdown trajectory appeared first on Crypto Briefing.