The post ESMA Crypto Custody Review Marks New Enforcement Phase appeared on BitcoinEthereumNews.com.
Europe’s crypto industry is about to face its most rigorous operational stress test yet. On 8 July 2026, the European Securities and Markets Authority launched a Common Supervisory Action targeting crypto custody — the function at the very heart of how firms protect client assets — marking a decisive shift in the ESMA crypto custody review from regulatory theory into hard enforcement reality. Key takeaways ESMA launched a coordinated Common Supervisory Action on 8 July 2026, placing crypto custody services under direct scrutiny across the EU. The review runs from the second half of 2026 through the first half of 2027, with a consolidated report expected in the second half of 2027. National competent authorities will conduct risk-based reviews of a sample of the 280 authorised providers now registered under MiCA. Ripple received full CASP authorisation from Luxembourg’s CSSF on 6 July 20
ESMA reviews CASPs to assess custody security, governance, and operational resilience under MiCA rules. EU regulators will examine key management, incident response, and third-party service risks. Crypto custody firms face stricter oversight as MiCA shifts toward active market supervision. The European Securities and Markets Authority (ESMA) has launched its first major review of crypto custody […]
The post ESMA Launches First MiCA Crypto Custody Review: What Firms Face Next appeared first on Live Bitcoin News.
The post AscendEX Exchange Collapse Hands Europe Its First MiCA Test appeared on BitcoinEthereumNews.com.
The European Securities and Markets Authority (ESMA) launched its first supervisory sweep of licensed crypto firms on July 8, putting custody resilience under EU-wide review. It comes days after MiCA took full effect and popular crypto exchange AscendEX (formerly BitMax) collapsed. ESMA has not connected the two events. However, the timing hands regulators a live example of what failed crypto custody costs users. ESMA Custody Review Targets Crypto’s Weakest Point In its July 8 release, ESMA said the Common Supervisory Action (CSA) will assess how crypto-asset service providers (CASPs) manage custody risks. National regulators will examine a risk-based sample of authorized firms from late 2026 into early 2027. The exercise targets risks specific to distributed ledger technology (DLT). Reviewers will test governance, key and storage management, transaction controls, incident detecti
Europe is seeing increased demand for crypto payments and digital asset utility. Learn what's driving adoption and how PayFi platforms are helping bridge crypto and commerce.
Russia's diesel export ban could tighten global supply, raising prices in Europe and Asia, impacting logistics, agriculture, and energy sectors.
The post Russia bans diesel exports to prevent domestic shortages after drone attacks appeared first on Crypto Briefing.
The post Criticism follows as South Korea police picks Dunamu for crypto custody appeared on BitcoinEthereumNews.com.
Firms that sent competing proposals to South Korea’s National Police Agency to win the contract to become the official crypto custodian of the agency’s seized crypto have gone off on a criticism tangent again after Dunamu emerged as the top bid at the end of the process. The complaints point to how the firm running Upbit, South Korea’s largest crypto exchange, winning the bidding process as vindication for earlier observations that the tender’s terms gave larger exchanges a decisive advantage over custody-first upstarts. As Cryptopolitan reported in June, pure-play crypto custody firms noted that insurance and loss coverage clauses listed in the procurement database effectively undermined their bids. Who won the bid for South Korea’s police agency’s seized BTC? Local reports put Dunamu at the top of the Public Procurement Service’s Nara Jangteo as of Wednesday, July 8.
ESMA's review under MiCA signals a shift to stringent enforcement, impacting crypto custodians' operational standards across the EU.
The post ESMA launches first coordinated crypto custody review under MiCA appeared first on Crypto Briefing.
The post Crypto Exchange Kraken Is Going After a Full Banking License in Europe appeared on BitcoinEthereumNews.com.
Key highlights: Kraken wants to have a bank in Europe This would make it the only crypto exchange with a license in the EU The update comes as MiCA rules become fully enforced The European crypto market is developing fast, and a major exchange has decided to take it up a notch. The Kraken crypto exchange is now pursuing a full banking license in Europe, and Lithuania has been named as the preferred country for securing this approval. The development comes as the European Union is introducing stricter regulations for crypto companies under its Markets in Crypto-Assets Regulation (MiCA). Many firms failed to secure this license. For example, Binance, which has started to shut down operations in the region. Meanwhile, some are looking for ways to strengthen their position in the region. Kraken pushes for a banking license Kraken is now actively pushing to conduct banking o
Simonyan's warning may prompt Europe to reassess its military support to Ukraine, potentially altering conflict dynamics and market perceptions.
The post RT editor warns Europe on Ukraine strikes, risks Moscow response appeared first on Crypto Briefing.
