NYDFS and European Banking Authority Sign Cross-Atlantic Stablecoin Supervision MoU

Several exchanges that have already been authorized by EU regulators are attempting to bring in users from companies unlicensed under the Markets in Crypto-Assets rules, offering transfer bonuses and prizes.

BNY has added USDC minting, redemption, custody and transfer services to its Digital Asset Custody platform, giving institutional clients direct access to Circle’s stablecoin through the bank. According to BNY, the update allows clients to turn U.S. dollars into USDC…

OKX is offering EEA users deposit bonuses of up to 8% and Coinbase has launched a parallel transfer bonus for subscribers in eight European markets, as both licensed exchanges compete to capture users displaced by Binance's July 1 MiCA wind-down.

BNY, the world's largest custodian bank with $59.4 trillion in assets under custody, has made USDC the first stablecoin on its Digital Asset Custody platform, enabling institutional clients to store, transfer, mint, and redeem Circle's dollar-pegged token alongside traditional assets.

The move deepens BNY's partnership with Circle and builds on the bank's role as the primary custodian of USDC reserves.

Binance's EU exit highlights the impact of political influence on regulatory processes, affecting market dynamics and stablecoin accessibility. The post Binance founder CZ says MiCA application was near approval before political intervention appeared first on Crypto Briefing.

Bybit's adjustments in the EEA highlight the growing impact of regulatory frameworks on crypto exchanges, emphasizing compliance's critical role. The post Bybit tightens EEA access ahead of MiCA deadline appeared first on Crypto Briefing.

America's oldest bank will allow institutional clients to store, mint, redeem, and transfer USDC.