EU to Reopen MiCA in 2027 to Cover Foreign Crypto Issuers

The post AscendEX Exchange Shuts Down With No Guarantee Users Will Get Their Funds Back appeared on BitcoinEthereumNews.com. Key highlights: The exchange stopped operations on July 1 as the new MiCA rules took effect Users were warned that their assets may not be recoverable Automated withdrawals have been suspended, with all now under manual review Thousands of AscendEX users could potentially lose the funds they have in the crypto exchange. The firm has officially shut down operations amid regulatory challenges and financial difficulties. Interestingly, the company also told its customers that it cannot guarantee that they will recover all of the assets held in their accounts. AscendEX closure raises questions for customers In a notice published on July 6, the firm officially confirmed that it ceased operations on July 1. The company then added that the European Union’s MiCA regulation was a major reason behind the closure. The new framework requires crypto firms operating in the EU

The post USDT Delisting Revolut: Impact of EU MiCA Regulation appeared on BitcoinEthereumNews.com. Revolut is cutting off access to USDT for customers across the European Economic Area and Switzerland, with the full delisting scheduled to wrap up by August 31, 2026. The decision, driven by the EU’s sweeping Markets in Crypto-Assets Regulation (MiCA), puts Revolut among a growing list of European crypto platforms quietly stepping away from the world’s largest stablecoin — and raises real questions for the millions of users caught in the middle. Key takeaways Revolut will delist USDT for customers in the EEA and Switzerland, with the process completing by August 31, 2026. The delisting follows a review under the EU’s MiCA framework; Tether chose not to seek MiCA authorization. USDT support continues unchanged on Revolut outside the EEA and Switzerland. The delisting of USDT already began on Revolut’s Revolut X trading platform for EEA customers before this announcement. Switzerland is in

Europe’s stablecoin rulebook is becoming much more real. ESMA’s finalized MiCA guidelines add another layer of detail to how stablecoin issuers and service providers are expected to operate inside the bloc, especially wh

The post EU Set to Revise MiCA in 2027 to Cover Foreign Stablecoin Issuers appeared on BitcoinEthereumNews.com. In brief The EU is preparing to reopen its Markets in Crypto-Assets (MiCA) rulebook, likely in 2027, to regulate non-EU stablecoin issuers and broaden its scope, EU diplomats told Euronews. The push follows the U.S. GENIUS Act and President Trump’s promotion of dollar-backed stablecoins, which make up 95% of the market. The European Commission is consulting stakeholders until September 30 before deciding whether to formally reopen the law. The European Union is preparing to reopen its flagship crypto rulebook to bring non-EU stablecoin issuers under its supervision, as U.S. President Donald Trump’s embrace of dollar-pegged tokens unsettles European regulators, Euronews reported, citing several EU diplomats. MiCA, the bloc’s landmark crypto framework, only fully came into force on July 1, but officials already see a rewrite as inevitable. “Reopening the file seems unavoidable

Trump's embrace of stablecoins is pushing Brussels to expand its crypto law to non-EU issuers and tokenized payments, EU diplomats say.

OSL's MiCA authorization highlights the increasing regulatory hurdles in the EU, potentially limiting market competition and impacting service costs. The post OSL Group secures MiCA authorization in Austria for crypto services across Europe appeared first on Crypto Briefing.

The post AscendEX Shuts Down as User Balance Payouts Remain Uncertain appeared on BitcoinEthereumNews.com. AscendEX shut down after MiCA pressure, weak liquidity, and failed funding left operations unsustainable. Users face delayed manual withdrawals, with the exchange unable to guarantee full balance recovery. ZachXBT had flagged nearly empty hot wallets before the shutdown, including ETH, USDT, USDC, and SOL. The closure revives custody concerns after AscendEX’s 2021 breach, which caused about $78M in losses. AscendEX has shut down after regulatory, financial, and operational pressures pushed the crypto exchange into a controlled offboarding process. The platform ceased operations on July 1, then published a notice on July 6 explaining the decision. JUST IN: ASCENDEX SHUTS DOWN AND USERS MAY NOT GET FULL BALANCES BACK Crypto exchange AscendEX has ceased operations on July 1, citing MiCA, regulatory, financial and operational pressure. The company’s statement indicated that current li

The post AscendEX Shutdown Sparks Fresh Fears Over Customer Withdrawals  appeared on BitcoinEthereumNews.com. AscendEX halted operations as manual withdrawal reviews left customers uncertain about accessing their funds.  ZachXBT questioned AscendEX’s liquidity, saying its hot wallets may not cover verified customer claims.  AscendEX blamed financial strain and MiCA as its closure renewed concerns over exchange stability. Blockchain investigator ZachXBT raised fresh concerns after crypto exchange AscendEX announced it would shut down, leaving customers uncertain about whether they will be able to withdraw their funds.  In a Telegam post, he said users with money still on the platform could face challenges getting it back, claiming the exchange’s publicly known hot wallets do not appear to hold enough liquid assets to cover verified multi-million-dollar customer claims. “AscendEX admits in its announcement withdrawals may or may not be processed,” ZachXBT wrote. He urged affected users t