Connect with us

Business

Bitstamp drops Tether’s euro stablecoin amid new MiCA rules

Bitstamp, a prominent cryptocurrency exchange, has decided to delist the Euro Tether (EURt) pairing from its platform as part of its compliance efforts with the Markets in Crypto-Assets (MiCA) regulations set by the European Union (EU).

Published

on

Bitstamp, a prominent cryptocurrency exchange, has decided to delist the Euro Tether (EURt) pairing from its platform as part of its compliance efforts with the Markets in Crypto-Assets (MiCA) regulations set by the European Union (EU).

The decision to remove the EURt pairing comes in response to regulatory requirements outlined in MiCA, which aim to establish a comprehensive regulatory framework for digital assets within the EU. By delisting EURt, Bitstamp aims to ensure full compliance with these regulations, which include stringent requirements for stablecoin issuers and service providers.

EURt, a stablecoin pegged to the Euro, has gained popularity for its stability and utility in facilitating digital transactions. However, regulatory scrutiny surrounding stablecoins has intensified globally, prompting exchanges like Bitstamp to prioritize regulatory compliance and mitigate potential risks associated with non-compliance.

Bitstamp’s proactive approach to regulatory compliance reflects its commitment to operating within legal frameworks and maintaining transparency in its operations. The exchange has assured its users of continued adherence to regulatory guidelines while exploring alternative solutions to meet market demand for stablecoin liquidity.

As Bitstamp navigates the evolving regulatory landscape, stakeholders and users will monitor developments closely, particularly regarding the impact on stablecoin markets and liquidity on the exchange. The delisting of EURt underscores the challenges and complexities faced by cryptocurrency platforms in aligning with regulatory expectations while sustaining operational efficiency.

Looking forward, Bitstamp remains committed to fostering a compliant and secure trading environment for digital asset investors, emphasizing the importance of regulatory clarity and responsible market conduct. The exchange continues to collaborate with regulatory authorities and industry stakeholders to uphold industry standards and support the growth of digital finance within the EU.

In conclusion, Bitstamp’s decision to delist the EURt pairing reflects its proactive stance towards regulatory compliance under the MiCA framework. The exchange’s actions underscore the broader industry trend towards regulatory adherence and transparency in the evolving landscape of digital assets and stablecoin regulation.

Business

GameStop hints at future Bitcoin purchases following board approval

Published

on

GameStop is exploring the possibility of adding Bitcoin to its balance sheet, but any future purchases will require approval from the company’s board of directors. The move signals the gaming retailer’s continued interest in digital assets as it seeks to diversify its financial strategy.

The potential Bitcoin investment aligns with GameStop’s previous forays into the crypto space, including its NFT marketplace and blockchain gaming initiatives. However, the company has not yet committed to a specific timeline or amount for Bitcoin purchases.

Industry analysts suggest that if GameStop proceeds with Bitcoin acquisitions, it could follow in the footsteps of other publicly traded companies, such as MicroStrategy, that have adopted Bitcoin as a reserve asset. The decision could also serve as a signal to retail and institutional investors about GameStop’s long-term outlook on digital assets.

As the company awaits board approval, the broader market will be watching closely to see if GameStop makes a decisive move into Bitcoin, potentially influencing other corporations to consider similar strategies.

Continue Reading

Business

SEC nominee Atkins discloses at least $327M in assets ahead of confirmation hearing

Published

on

Paul Atkins, a former commissioner of the U.S. Securities and Exchange Commission (SEC), is under scrutiny over financial disclosures related to his wife. The concerns emerged during a recent hearing, raising questions about transparency and potential conflicts of interest.

Atkins, who served at the SEC from 2002 to 2008, has been a vocal advocate for regulatory clarity in financial markets, including the cryptocurrency sector. However, lawmakers and regulators are now examining whether proper disclosures were made regarding financial assets linked to his wife.

The inquiry reflects broader concerns about ethics and accountability among financial regulators and policymakers. While Atkins has not been formally accused of wrongdoing, the situation highlights ongoing debates over financial transparency in government and regulatory agencies.

As the hearing unfolds, industry observers are closely watching for potential implications on SEC policies and oversight practices. The outcome could influence future regulatory discussions, particularly in areas where financial disclosures intersect with policymaking in traditional and digital asset markets.

Continue Reading

Business

Brazil’s data watchdog upholds ban on World crypto payments

Published

on

Brazil’s data protection authority is ramping up its oversight of cryptocurrency payment platforms, reflecting growing concerns over data privacy and regulatory compliance in the digital asset sector. The move aligns with a broader global trend of increased scrutiny on crypto transactions.

The regulatory focus comes as crypto payments gain mainstream adoption in Brazil, with businesses and consumers increasingly using digital assets for everyday transactions. Authorities aim to ensure that companies handling crypto payments comply with data protection laws, safeguarding user information against misuse and security breaches.

This initiative follows global regulatory efforts to address concerns over illicit financial activities and privacy risks associated with digital currencies. While Brazil has been a leader in Latin America’s crypto adoption, regulators are working to balance innovation with consumer protection.

Industry experts believe that stricter oversight could enhance trust in the crypto sector, attracting institutional players while ensuring compliance with international standards. As regulations evolve, businesses operating in the crypto payments space will need to adapt to the changing legal landscape to maintain seamless operations.

Continue Reading

Trending

Copyright © 2025 cryptonews.lk