Patrick Witt led efforts in Washington to pass broad crypto legislation, called the Clarity Act, as the executive director for the President's Council of Advisors for Digital Assets.

BingX EU has secured a Markets in Crypto-Assets Regulation (MiCAR) license from Austria’s Financial Market Authority, clearing the exchange’s EU entity, MEGE zweite GmbH, to offer regulated crypto services across 29 countries in the European Economic Area, subject to passporting arrangements. The authorization closes a process that has run for months, with BingX EU disclosing […]

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The SEC's Regulation Crypto Assets closes October 20, letting firms raise $75M yearly selling tokens without equity dilution. Comments due Tuesday.

<p>In a response to the EU’s targeted consultation on the Markets in Crypto-Assets (MiCA) Regulation, the World Federation of Exchanges has explained that tokenised assets that are financial instrumen...

BingX EU, operating as MEGE zweite GmbH, has obtained its Markets in Crypto-Assets Regulation (MiCAR) license from Austria’s Financial Market Authority (FMA). This crucial authorization permits BingX EU to offer regulated crypto services across all 29 countries of the European Economic Area (EEA). The license is subject to ongoing passporting arrangements, ensuring compliant operations throughout the region. This milestone signifies a major step in BingX’s European expansion strategy, providing EEA users with secure and transparent digital asset services under a unified regulatory framework. The authorization underscores BingX EU’s commitment to responsible growth and strengthening user trust in the evolving digital asset landscape. Daniel Lai, CEO of BingX EU, emphasized the importance of delivering trusted, locally regulated trading experiences. He stated that operating under MiCAR will provide clarity, support the long-term development of Europe’s digital ecosystem, and combine innovation with high standards of security and transparency. BingX EU will continue close collaboration with the FMA and other European regulators in preparation for launching its regulated services. As a MiCAR-regulated Crypto-Asset Service Provider (CASP), BingX EU is headquartered in Vienna and will offer regulated broker services, including crypto custody and exchange. Founded in 2018, BingX is a leading multi-asset trading platform serving over 40 million global users and holds partnerships with Chelsea FC and Scuderia Ferrari HP.

The bank plans institutional custody for selected crypto, stablecoins and tokenized assets in Singapore, its fourth digital-asset hub, pending regulatory clearance.

The European Banking Authority has designated Circle's USDC stablecoin under the EU's Markets in Crypto-Assets framework, a regulatory milestone that places one of the two largest dollar-pegged stablecoins inside a formal European supervisory structure. The designation brings compliance obligations around reserves, redemption rights, and issuer capital that Circle must now meet to maintain access to EU markets. For institutional counterparties operating in Europe, the EBA action provides a clearer legal footing for USDC exposure. It also intensifies competitive pressure on Tether, whose USDT does not carry equivalent EU authorization, as European platforms face decisions about which stablecoins they can continue to list.

BingX EU (MEGE zweite GmbH) has secured its Markets in Crypto-Assets Regulation (MiCA or MiCAR) license from Austria’s Financial Market Authority (FMA), that will enable the platform to offer regulated crypto services across 29 countries of the European Economic Area (EEA), subject to ongoing passporting arrangements. The authorization marks a significant milestone in BingX’s European expansion, […] The post BingX EU Secures MiCAR License, Advancing Regulated Crypto Services Across Europe appeared first on Metaverse Post.

VIENNA, Oct. 15, 2026 /PRNewswire/ — BingX EU (MEGE zweite GmbH) has secured its Markets in Crypto-Assets Regulation (MiCA or MiCAR) license from Austria’s Financial Market Authority (FMA), that will enable the platform to offer regulated crypto services across 29 countries of the European Economic Area (EEA), subject to ongoing passporting arrangements. The authorization marks a significant milestone in BingX’s European expansion, providing EEA users with access to digital asset services under a unified regulatory framework built on transparency, security, and investor protection. The authorization reflects BingX EU’s long-term commitment to responsible growth in Europe. As digital assets become increasingly […]

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The European Banking Authority (EBA) has officially designated USDC, a stablecoin issued by Circle Internet Financial Europe SAS, as the first Significant Electronic Money Token (EMT) under the Markets in Crypto-Assets R…

The European Banking Authority (EBA) has classified USDC, issued by Circle Internet Financial Europe SAS, as a significant e-money token (EMT) under the Markets in Crypto Assets Regulation (MiCA), following its assessment of the criteria set out in the Regulation. There are currently 45 EMTs in the European Union, which have been notified under MiCA, and USDC is the first one to be classified as being significant.   ​From 12 November 2026, USDC will be subject to the dual supervision foreseen by MiCA for significant EMTs. This means that direct supervisory responsibilities in the areas of own funds, reserve of assets, liquidity requirements, and recovery and redemption plans will be transferred from the Autorité de Contrôle Prudentiel et de Résolution (ACPR) to the EBA. The ACPR will continue to be responsible for supervision of areas such as governance, qualifying holdings, fit and proper assessment, outsourcing and conflicts of interest. The EBA and the ACPR will work closely together to ensure a smooth transition and effective supervisory cooperation.  ​USDC is issued in the European Union by Circle Internet Financial Europe SAS and in the United States by Circle Internet Financial, LLC. To support its supervision of cross-border stablecoin activities, the EBA has signed a Memorandum of Understanding with the New York State Department of Financial Services which will facilitate the cooperation and exchanges of information between the two authorities.  ​Legal basis ​  The EBA is responsible for classifying ARTs and EMTs as significant (MiCA Articles 43 and 56). It annually assesses whether tokens should be considered significant or continue to meet applicable criteria. Commission Delegated Regulation (EU) 2024/1506 specifies the indicators to be used for this significance assessment (see also EBA Decision EBA/DC/558). Issuers of significant Asset-referenced tokens (ARTs) are placed under EBA supervision while issuers of significant EMTs are subject to the dual supervision of the EBA and the relevant national competent authority (MiCA article 117). The EBA exercises its powers in close cooperation with other competent authorities (MiCA Articles 117(5) and 128) and the supervisory colleges established (MiCA Article 119).  Related content Page The EBA's supervisory role under MiCA

BingX EU has obtained a licence from Austria's Financial Market Authority (FMA) under the Markets in Crypto-Assets Regulation, known as MiCA or MiCAR. The