BlackRock’s tokenized money market fund, BUIDL, has officially made its entry into the decentralized finance sector. In a May 15 post on X, Euler Labs confirmed that sBUIDL, a token backed 1:1 by BlackRock’s BUIDL and issued by Securitize, is…

BlackRock’s BUIDL fund integrated into Eular for on-chain collateral use

My wife was born in the United Kingdom and we’ve spent a lot of time visiting 
so I pay close attention to the country’s evolving stance on crypto. Now, with 
the UK’s draft Statutory Instrument on crypto regulation officially released,…

Interview | UK crypto rules signal major shift: but will they deliver?

Heritage Distilling Holding Company has finalized its Cryptocurrency Treasury 
Reserve Policy. This makes it one of the first craft spirits companies to 
accept and hold Bitcoin (BTC) and Dogecoin (DOGE) formally, according to the 
company. The policy allows the company…

Nasdaq-listed Heritage Distilling accepts Bitcoin and Dogecoin in new treasury strategy

The crypto market is bracing for a bull run as analysts from firms like 
Fundstrat, BlackRock, Ark Invest, and Standard Chartered raise their Bitcoin 
forecasts. Arthur Hayes, the founder of BitMEX, predicted that Bitcoin (BTC) 
could reach $1 million, while…

Best crypto to buy right now ahead of the bull run

The European Union&#8217;s Markets in Crypto-Assets regulation &#8212; better known as 
MiCA &#8212; is now in its critical implementation phase. Designed to unify crypto 
regulation across all 27 EU member states, MiCA promises clarity, consumer 
protection and long-term market stability. But as implementation begins, 
cracks are already showing.
In this week&#8217;s episode of _Byte-Sized Insight_ , we explore the key provisions 
of MiCA now in force, particularly around stablecoins, and why some of the 
largest players in the market are refusing to comply.
As of January 2025, crypto asset service providers (CASPs) began acquiring 
licenses to operate legally within the EU. A transitional or &#8220;grandfathering&#8221; 
period allows existing firms up to 18 months, depending on the member state, 
to comply. Still, with deadlines approaching, firms are being forced to act 
quickly.
## **Stablecoins at bay**
One of MiCA&#8217;s earliest and most controversial provisions involves stablecoins. 
Under the law, no stablecoin can be offered to EU users unless the issuer is 
authorized in the EU and publishes a regulator-approved white paper.
Strict rules around asset reserves, governance, conflict of interest and 
marketing are also part of the package. Issuers are even banned from offering 
interest on tokens, removing a common incentive for adoption.
_**Related:**__**Stablecoin regulation next &#8216;catalyst&#8217; for crypto industry &#8212; 
Aptos head**_
The world&#8217;s most-used stablecoin &#8212; Tether&#8217;s USDt (USDT) &#8212; has already 
announced it won&#8217;t seek MiCA compliance, meaning exchanges may soon be forced 
to delist it across the EU. This has major implications for liquidity, retail 
access and DeFi activity in the region.
Tether CEO Paolo Ardoino told Cointelegraph&#8217;s Gareth Jenkinson at Token 2049:
&gt; &#8220;The reason is not, uh, fear of regulations, fear of compliance… The problem 
&gt; that I had with um, with MiCA is that [the] license is very dangerous when 
&gt; it comes to stablecoins and I believe that it&#8217;s even more dangerous for the 
&gt; small medium banking system in Europe.&#8221;
## **Compliance is key**
On 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&#8217;s evolving regulatory landscape.
&gt; &#8220;We found that both BaFin and the European regulators have been relatively 
&gt; straightforward to deal with. Sometimes they have difficult questions, but 
&gt; they&#8217;re there to make sure that our processes are in place and up to 
&gt; scratch.&#8221;
We also spoke with Erwin Voloder, head of policy at the European Blockchain 
Association, who emphasized the need for consistent national-level 
interpretation and better guidance from regulators to prevent fragmentation.
Listen to the full episode of _Byte-Sized Insight_ for the complete interview 
on Cointelegraph&#8217;s Podcasts page, Apple Podcasts or Spotify. And don&#8217;t forget 
to check out Cointelegraph&#8217;s full lineup of other shows!
**Magazine:****Legal Panel: Crypto wanted to overthrow banks, now it &#8216;s 
becoming them in stablecoin fight**

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

Pi Network has fallen more than 50% since this week&#8217;s major ecosystem 
announcement.