The companies, products and regulatory developments shaping the broker industry.
Separate ESMA and EBA releases in October draw a critical distinction between services involving non-compliant stablecoins and supervision of an authorised significant e-money token: a broker must examine the issuer, token and service separately.
UAB DriveWealth Europe has added three MiCA crypto-service permissions to its investment-firm licence. The company plans a phased commercial rollout during 2027.
Kraken and MEXC expanded their referral arrangement to France, but users must open new accounts and move assets themselves as four wind-down cohorts approach.
Finance Magnates counted 179 Italian entries in a dated 188-record ESMA list; national submission differences cannot be used as a country misconduct league table.
The 8 October opinion covers all MiCA crypto-asset services and calls for controlled remediation of legacy exposures within three months.
The 21 October instructions define different execution and order-book datasets, phased collection and a separate onboarding process.
The portal migration covers token whitepaper notifications and changes. A Q4 system guide is planned, while the launch date remains unannounced.
The joint submission links cross-border issuance to reserve safeguards and proposes wider European oversight of major crypto businesses.
Local relationship managers will serve wealthy individuals, companies and institutions through Bitcoin Suisse (Europe) AG. The European tariffs reveal a meaningful difference between private and corporate custody economics.
Reported European inquiries put customer acquisition and follow-up marketing at the centre of Binance’s MiCA position. The legal exception depends on who initiated the service and how the relationship developed.
BaFin’s refusal closes futurum bank’s pending authorisation route and shifts the proposed Bitcoin.de restart towards separate regulated trading and custody partners. Trading had already been largely suspended since June.
Both grants cover custody, crypto exchanges and transfers. YouHodler Italy also holds order-execution permission, a functional difference as the groups build their European offerings.
Payment institutions can handle temporary collection, but next-business-day placement must reach the legally appropriate bank or central-bank account. A dedicated PSP-owned account leaves the wrong creditor relationship.
The report separates sanction counts from fine values and shows growing settlement use, while warning that national totals alone cannot measure supervisory effectiveness.
The EBA recommends targeted changes to stablecoin structures, crypto lending, classification and reporting. Its central question is which issuer or intermediary carries the obligation when one customer product crosses entities and jurisdictions.