Key Highlights: German cooperative banks are driving a wave of new crypto-asset licensing, with institutions like Raiffeisenbank Eifel eG and Volksbank Niederrhein eG securing official authorisations. Germany accounts for 117 of the 387 active crypto-asset service provider licences across the European Union, according to tracking data from Penning. With the European Securities and Markets Authority ...
Key Highlights: The European Securities and Markets Authority (ESMA) has issued updated guidance targeting crypto-asset service providers handling unauthorized stablecoins under the Markets in Crypto-Assets (MiCA) framework. Crypto firms must establish technical, contractual, and organizational controls to block European Union clients from purchasing or expanding exposure to non-compliant tokens. Firms are permitted to facilitate temporary, ...
Key Highlights The European Banking Authority has asked the European Commission to examine new MiCA rules for crypto firms that connect customers to DeFi lending protocols, recommending a cost-benefit analysis of potential duties for intermediated borrowing and lending. The EBA identified two possible regulatory changes: adding intermediated crypto borrowing and lending to MiCA’s list of ...
Key Highlights South Africa’s draft crypto cross-border framework imposes strict daily (ZAR 5,000) and monthly (ZAR 25,000) limits on person-to-person remittances via crypto rails, while standard Web3 transfers require individuals to use existing SDA (R2 million) or FCA (R10 million) allowances with SARS tax clearance. Crypto Asset Service Providers (CASPs) must obtain separate cross-border authorization ...