MiCA
World Greenback Expands to the EU with MiCA on Kraken and Gate
The World Greenback (USDG) stablecoin has launched within the European Union, with issuer Paxos claiming compliance with the area’s Markets in Crypto-Belongings Regulation (MiCA), in addition to oversight from the Finnish Monetary Supervisory Authority and Singapore’s central financial institution. In accordance with a Tuesday announcement, the Paxos-issued USDG is now accessible within the EU by […]
BaFin Freezes Ethena GmbH's Asset Reserves over USDe Token Deficiencies Beneath MiCA
Germany’s monetary regulator, BaFin, has recognized vital deficiencies in Ethena GmbH’s approval course of for its USDe token. Consequently, BaFin has carried out quick supervisory measures, together with a ban on publicly providing the token and an order to freeze the corporate’s asset reserves held by depositary businesses. BaFin suspects that Ethena GmbH has been […]