EBA

MiCA
2026-09-01 08:16:11

A MiCA CASP License Can Travel Across the EU, but It Does Not Turn Into a Universal Financial Passport

A MarsBit analysis argues that the biggest misunderstanding around the EU’s Markets in Crypto-Assets framework is not whether a crypto-asset service provider, or CASP, can expand across borders after authorization. It can. The real issue is what exactly gets carried into other member states through passporting, and what does not. Under MiCA, a CASP authorized in its home state may extend approved crypto-asset services into other EU countries through a branch or on a freedom-of-services basis, without setting up a separate licensed entity in each market. But the scope remains limited to the services already listed in the authorization. A cross-border notification does not automatically add fiat conversion, trading venue operations, order execution, or investment advice. The article also says many business models, especially crypto payments, sit partly outside CASP authorization. Stablecoin flows may overlap with payment regulation, and the European Banking Authority has discussed how MiCA interacts with PSD2, particularly for EMT-related transfers and some custodial wallet functions after transitional arrangements end on March 2, 2026. It also highlights ESMA’s 2025 warning about the “halo effect,” where users may wrongly assume that all products in a group app are MiCA-regulated just because one EU entity holds a CASP license. The broader point is that passporting removes duplicate licensing, not every local, product, and group-structure compliance issue.

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A MiCA CASP License Can Travel Across the EU, but It Does Not Turn Into a Universal Financial Passport
Stablecoins
2026-08-27 15:12:58

BIS compares stablecoin rules across five jurisdictions and flags a group-level gap

The Bank for International Settlements’ Financial Stability Institute used its August 2026 FSI Briefs No. 33 to compare stablecoin issuer rules across the European Union, Hong Kong, Singapore, the United Kingdom and the United States under the GENIUS Act. The report says the same label of “stablecoin issuer” can mean very different things depending on the jurisdiction, with banks and non-banks facing different licensing routes and foreign issuers often blocked from direct local issuance. It also maps out diverging standards on reserve custody, redemption fees and redemption timing, while noting one common line across all five regimes: issuers are not allowed to pay interest to holders. The sharpest warning in the BIS paper is not about a single market rule, but about regulatory scope. In most cases, restrictions apply to the issuing entity rather than the wider corporate group. BIS says bank issuers are partly covered through consolidated supervision and intragroup exposure limits, but comparable group-level safeguards are not in place for non-bank issuers. That creates room for activities restricted at the issuer level to be shifted to affiliated entities within the same group. The report argues that supervisors may need to extend stablecoin or prudential rules to the group level, especially for larger non-bank structures.

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BIS compares stablecoin rules across five jurisdictions and flags a group-level gap
MiCA
2026-08-13 02:07:20

Why the EU’s CASP license is becoming essential after MiCA’s transition period ends

A MarsBit article argues that the European Union’s Crypto-Asset Service Provider, or CASP, authorization is moving from a nice-to-have credential to a core market-access requirement for firms serving EU crypto clients. The shift is tied to July 1, 2026, when MiCA’s longest transition period for existing crypto-asset service providers ends across the bloc. Firms that had operated under older member-state rules but failed to secure MiCA authorization are expected to carry out orderly exit plans, stop providing unauthorized crypto-asset services to EU customers, and properly handle existing client relationships and asset transfers. The piece says MiCA changes more than the label on a license. It replaces Europe’s fragmented model of separate national registrations with a framework built on unified authorization, common standards, and cross-border operations through formal notification procedures. At the same time, CASP does not function as a blanket permit. Its scope depends on the actual services provided, and it does not automatically cover areas such as payments, e-money activity, fiat account services, card issuance, or products that fall under securities rules such as MiFID II. The article also notes that ESMA expects a narrow reading of reverse solicitation, making it harder for non-EU firms to rely on offshore structures while still targeting European users.

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Why the EU’s CASP license is becoming essential after MiCA’s transition period ends
Morgan Stanle
2026-08-04 10:59:15

Morgan Stanley names 24 AI beneficiary stocks and rates them Overweight

Morgan Stanley said in a report released Monday that artificial intelligence applications are becoming an important driver of margin expansion as the market places growing emphasis on corporate efficiency and productivity gains. On that basis, the bank identified 24 stocks where AI adoption forms a core part of the investment case and assigned them an Overweight rating. The list spans technology, internet, financial, and asset management names. Companies cited in the report include Alphabet (GOOGL), Roblox (RBLX), Meta (META), Grindr (GRND), Amazon (AMZN), Navan (NAVN), Palantir (PLTR), eBay (EBAY), SEI Investments (SEIC), JPMorgan (JPM), Rocket Companies (RKT), Blackstone (BX), Bank of New York Mellon (BNY), and Bank of America (BAC), among others. According to the report, the market is paying closer attention to tools and business models that can lift efficiency and improve productivity. Morgan Stanley framed AI use as a central reason for its stock selection. The item was cited by Odaily, with Business Insider named as the source of the report details.

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Morgan Stanley names 24 AI beneficiary stocks and rates them Overweight
AMINA
2026-07-27 15:03:23

Swiss crypto bank AMINA weighs listing options with Cantor as adviser

Swiss digital-asset bank AMINA is working with Wall Street firm Cantor to assess possible routes to the public market, according to BlockBeats. People familiar with the matter said the bank had previously considered listing through a special purpose acquisition company, or SPAC, but is now leaning toward going public via a reverse merger with a digital asset treasury company, or DAT. The talks are still ongoing and no final decision has been made. AMINA said its current priority is to bring in capital that supports strategic growth rather than pursue a fast listing for its own sake. The bank added that an IPO could still remain an option at a later stage. Founded in 2018 as SEBA Bank, the company rebranded to AMINA in 2023. It is regulated by the Swiss Financial Market Supervisory Authority, or FINMA, and is one of a small number of licensed banks focused on digital assets. The bank offers crypto trading, custody, staking and lending services, and has expanded into the UAE, Hong Kong and India. BlockBeats said AMINA had CHF 74.6 million in Tier 1 capital as of the end of 2025 and has raised about $245 million in total.

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Swiss crypto bank AMINA weighs listing options with Cantor as adviser