EU Expands Crypto Licensing Under MiCA, While 'Open USD' Stablecoin Faces Partnership Denials
EU Expands Crypto Licensing Under MiCA, While 'Open USD' Stablecoin Faces Partnership Denials
The European Securities and Markets Authority (ESMA) has significantly expanded its MiCA register, with Standard Chartered securing a license and lifting the total of licensed EU Crypto-Asset Service Providers (CASPs) to 280. This reflects a maturing regulatory landscape in the EU.
Meanwhile, the 'Open USD' stablecoin project is facing scrutiny as major Korean firms, including Samsung, deny formal ties, challenging its claims of a 140-company alliance and raising questions about its credibility.
EU Crypto Regulation Advances with MiCA Licenses
The European Securities and Markets Authority (ESMA) has made notable progress in regulating the crypto space, adding 37 new firms to its MiCA (Markets in Crypto-Assets) register. Among them, Standard Chartered has successfully secured a license, contributing to a total of 280 licensed EU Crypto-Asset Service Providers (CASPs). This expansion of the MiCA framework aims to provide a clear and harmonized regulatory environment for crypto assets across the European Union, fostering greater institutional participation and consumer protection.
'Open USD' Stablecoin Hype Undermined by Partnership Denials
In other news, the 'Open USD' stablecoin project is facing significant headwinds as claims of widespread partnerships are being publicly denied. Major Korean firms, including tech giant Samsung, have refuted allegations of formal ties with Open USD. This development casts doubt on the stablecoin's previously asserted alliance with 140 companies and puts its market claims under intense scrutiny, highlighting the importance of verified partnerships in the nascent digital asset space.