Altcoins News

Story: EU Approves 53 Crypto Firms Under MiCA, But Tether and Binance Left Out

By Julie Binoche

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MiCA Licenses Granted to 53 Firms. The approvals, revealed in early July 2025, cover a total of 39 crypto-asset service providers…

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Germany and the Netherlands Lead the Way. Geographically, Germany and the Netherlands are leading in MiCA adoption, representing 23 of the…

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Tether's USDT Fails to Meet MiCA Standards. Despite its dominance in global stablecoin markets, Tether's USDT is absent from the list of…

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Binance Also Left Out of MiCA Licensing. Binance, the world’s largest crypto exchange by volume, also failed to secure a MiCA license.

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MiCA Implementation Timeline and Upcoming Update. MiCA officially came into effect in 2024, with a phased implementation.

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What This Means for the Crypto Market. The latest MiCA approvals represent a big shift in the institutionalization and regulation of…

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The European Union has granted regulatory approval to 53 crypto firms under the Markets in Crypto-Assets (MiCA) framework, signaling a major step forward in Europe's crypto…

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The approvals, revealed in early July 2025, cover a total of 39 crypto-asset service providers (CASPs) and 14 e-money token (EMT) issuers.

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Among the approved names are well-known crypto exchanges and platforms like Coinbase, Kraken, Bitstamp, and OKX, alongside fintech players such as Robinhood, Trade Republic, and…

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According to Patrick Hansen, EU Strategy and Policy Head at Circle, the firms now meet MiCA’s rigorous regulatory standards, including requirements for consumer protection,…

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The approved stablecoins are primarily fiat-backed and tied to either the euro or the US dollar, making them more favorable under MiCA's strict financial rules.

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The firm has long promised a full audit of its reserves but has failed to deliver since 2017.

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In an interview earlier this year, Tether CEO Paolo Ardoino explained the company’s difficulties in securing a reputable auditing partner, citing reputational risks and the…

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Without a proper audit, USDT remains ineligible for MiCA registration, raising uncertainty over its future availability in the European market.

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In 2023 and 2024, Binance withdrew from several EU countries, including Germany, Cyprus, and the Netherlands, following pressure from regulators.

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