Regulations
By Evie Vavasseur
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What the Luxembourg Approvals Actually Cover. Two separate licenses. That's what Bridge walked away with from Luxembourg's financial regulator.
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EU MiCA Register Now at 324 CASPs and 42 EMT Issuers. With Bridge in, the total count of electronic money token issuers in the EU register sits at 42.
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What Bridge's Registration Means for Stablecoin Builders. For developers and fintechs building on top of stablecoin rails, Bridge's regulated status matters.
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Stripe's payments subsidiary Bridge just got a lot more official in Europe. Bridge Building, the Luxembourg-based entity behind the stablecoin infrastructure platform, secured…
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Bridge is Stripe's acquisition — the payments giant bought the company to beef up its stablecoin rails — so the Luxembourg approvals carry weight beyond just Bridge itself.
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The broader MiCA framework has been in motion for a while now, and regulated stablecoin infrastructure is basically the hottest category inside it.
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And Germany added three more names to the CASP list in the same update. Volksbank Die Gestalterbank, VBU Volksbank im Unterland, and VR-Bank Erding all landed new entries.
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No new asset-referenced token authorizations came through in the update. The ART segment of the register stayed flat.
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Read also: MiCA Deadline Leaves 1,700 Unlicensed Crypto Firms Customers Exposed to Impersonation Fraud
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ESMA has been updating the MiCA register more frequently lately, with several rounds of changes coming through in July alone.
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For developers and fintechs building on top of stablecoin rails, Bridge's regulated status matters. It's one thing to use infrastructure from a well-funded startup.
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Bridge's move also fits a pattern. Stablecoin infrastructure companies have been targeting EU regulatory status aggressively since MiCA's full rollout, knowing that enterprise…
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The 42 EMT issuers currently in the register is still a relatively small number given how many stablecoin-adjacent projects exist globally. But the list is growing.
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Read also: Galaxy Digital Posts $85M Q2 Loss as Crypto Rout Hits Revenue Hard
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Germany's three new CASPs are a reminder that the register isn't just a fintech story. Traditional banking institutions are showing up too, which changes the competitive…
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