AscendEX Shuts Down After MiCA Miss, Warns of Withdrawals
Around three in four EU-registered crypto firms are expected to fail MiCA's June 30 deadline, and AscendEX is the first major name to publicly warn users their funds may be stuck.
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Around three in four EU-registered crypto firms are expected to fail MiCA's June 30 deadline, and AscendEX is the first major name to publicly warn users their funds may be stuck.
The split suggests MiCA pushed retail toward self-custody rather than toward MiCA-licensed competitors, a structural read on how Europe's landmark crypto regime is reshaping user behavior.
The split lands as a pointed critique from the exchange that just left the bloc: MiCA may be driving users further from regulated venues, not closer to them.
Binance is the most visible miss, but the regulatory drag is broader: just 7% of European crypto firms hold a MiCA license, and Ripple says the stablecoin rulebook is still being written in practice.
The exchange's EU passport bid died days before it could be tested, leaving Binance serving the bloc through a patchwork of national registrations rather than the unified MiCA license it had targeted.
From roughly 3,000 pre-MiCA registrations to 231 authorized CASPs, the July 1 cut-off is already consolidating Europe's crypto market, with industry sources warning it will deepen once the…
The former CEO's public criticism lands as Europe's unified crypto regime nears full effect, and exchanges without MiCA passports lose access to the bloc's institutional liquidity.
The withdrawal from Greece is a setback, but the bigger deadline is July 1, when MiCA's stablecoin and custody rules take full effect across the bloc.
The real pressure point is the 60% of EU users still on non-MiCA platforms, and 20 of 27 member states have already cut off transition periods ahead of the July 1 deadline.
Roughly three in four registered EU crypto companies are expected to fail licensing by the summer deadline, with smaller apps forced onto licensed custody rails and millions of retail users facing…
ECB opposition behind the scenes turned a routine licensing review into a political veto — and now leaves Binance with one remaining MiCA seat, in France, to keep serving the entire bloc.
Binance is set to lose permission to serve EU clients within weeks after its MiCA license application in Greece is…
Binance customers in the European Union may lose access to the platform as early as the end of the month after the…
The EU's MiCA transition period expires on July 1, after which crypto exchanges, brokers and wallet service providers…
Of the 1,200-plus virtual asset service providers operating in the EU under legacy national registrations, only about…
IG Europe, the EU-regulated arm of the global spread-betting and CFD giant IG Group, has tapped Bitpanda — one of…
The Commission is inviting industry and public feedback through Aug. 31, a routine review that becomes a tell on where EU crypto policy is heading next.
Warsaw lands in the EU compliance window on time — but the parallel probe into 350M zlotys of user losses at Zondacrypto frames the rollout as much about enforcement as about licensing.