Europe’s MiCA law is motion, but can the crypto industry keep up?

Quick Summary:

Tether CEO Paolo Ardoino told Cointelegraph’s Gareth Jenkinson at Token 2049:“The reason is not, uh, fear of regulations, fear of compliance… The problem that I had with um, with MiCA is that [the] license is very dangerous when it comes to stablecoins and I believe that it's even more dangerous for the small medium banking system in Europe.”Compliance is keyOn the flip side, other firms are leaning in.

BitGo, a crypto custody firm, recently secured a MiCA-aligned license in Germany, positioning itself to serve institutional players across Europe. Brett Reeves, head of Go Network and European Sales at BitGo, told Cointelegraph the license is not just about compliance, but long-term strategic alignment with Europe’s evolving regulatory landscape.“We found that both BaFin and the European regulators have been relatively straightforward to deal with.

Related: Stablecoin regulation next ‘catalyst’ for crypto industry — Aptos headThe world’s most-used stablecoin — Tether’s USDt (USDT) — has already announced it won’t seek MiCA compliance, meaning exchanges may soon be forced to delist it across the EU.

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Article Details

Author / Journalist: Cointelegraph by Savannah Fortis

Category: Crypto

Markets: United StatesGermany

Topics: Industry Europe’s License Europe Mica Stablecoins Bitgo Crypto Motion European Firms

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-16 @ 15:30:00 (15 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 515 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28746914

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About Coin Telegraph

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Official Website: cointelegraph.com

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