MiCA’s 70% Unregulated Wallet Problem Puts Binance and EU Crypto Rules to the Test
What happened Binance’s CEO raised the alarm. According to recent reporting, 70% of funds have moved to unregulated wallets —… Read the original on MiCA’s 70% Unregulated Wallet Problem Puts Binance…
Read the full articleYou might also wanna read
‘70% of funds went to unregulated wallets’- Binance CEO warns MiCA amplifies risk
Binance CEO Richard Teng has cast doubt on the effectiveness of the EU’s crypto regulatory regime, MiCA, citing capital flow patterns from t
‘70% of funds went to unregulated wallets’- Binance CEO warns MiCA amplifies risk
MiCA's effectiveness is under scrutiny as the regime's transitional period come to an end
Binance CEO Says 70% of EU Crypto Withdrawals Now Go to Self-Custodied Wallets After MiCA
Binance CEO Richard Teng said around 70% of cryptocurrency withdrawn by affected European Union users following the exchange’s MiCA-related
Binance co-CEO says 70% of EU withdrawals went to self-custody after MiCA deadline, with just 30% going to licensed platforms
Richard Teng said 70% of EU user withdrawals following its service suspension moved to self-custody rather than MiCA-regulated platforms.
EU's MiCA Regulation Takes Full Effect: Only 244 of 3,000 Crypto Firms Authorized
A sweeping EU regulatory deadline has pushed thousands of unlicensed crypto firms out of the European market this week.
yellow.com·9d agoEurope’s Crypto Lead at Risk if MiCA Rollout Fragments, Binance CEO Warns
Europe’s MiCA framework gave the EU an early lead in crypto regulation, but Binance’s CEO warned that inconsistent implementation could shap
Comments
Sign in to join the conversation.
No comments yet. Be the first.