Several European countries tacitly approve the prospect of charging fees in the Strait of Hormuz.
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Major European countries believe that imposing tolls on the Strait of Hormuz is inevitable.
According to Odaily Odaily, market news indicates that major European countries now believe that imposing tolls on the Strait of Hormuz is inevitable. (Golden Ten)
Gate Founder Dr. Han: Gate's early completion of MiCA licensing will push the European crypto market towards fair competition.
According to ChainCatcher, CoinDesk reports that with the full implementation of the EU's Crypto Asset Market Regulation (MiCA), the European digital asset market has entered a new era of unified regulation. Regarding the impact of MiCA on the industry landscape, Gate founder and CEO Dr. Han stated in an interview that Gate began its European compliance preparations several years ago and completed its MiCA and Payment Institution (PI) license preparations ahead of schedule in 2025. He pointed out that the significance of MiCA lies not only in establishing a unified regulatory framework, but more importantly, in putting all market participants on a level playing field. "Only when all platforms adhere to the same rules can the industry truly compete around products, services, and user experience." He also stated that if unauthorized platforms continue to provide services to European users, a level playing field will remain a challenge, making effective regulatory enforcement equally crucial. Currently, Gate Europe is leveraging its MiCA and PI licenses to continuously improve its compliance system, risk management, and operational governance capabilities, and is continuously deepening its global compliance strategy. In addition to Europe, multiple Gate entities have completed relevant regulatory registrations, license applications, or obtained authorizations and approvals in jurisdictions such as Malta, the Bahamas, Japan, the United States, Australia, and Dubai. Through multi-regional regulatory approvals, Gate has solidified its global business foundation and continues to provide global users with safer, more transparent, and more efficient digital asset services. Looking ahead, Gate will continue to adhere to a parallel development strategy of compliance and innovation, promoting the long-term healthy development of the digital asset industry through superior product experiences and global service capabilities.
Russia's State Duma approved the final version of the cryptocurrency regulation bill, removing the mandatory requirement to declare wallet addresses.
According to Mars Finance, the Russian State Duma Financial Market Committee has approved the final version of the government's cryptocurrency regulatory bill, which will be submitted for a second reading. Committee Chairman Anatoly Aksakov revealed that the second reading version makes several key adjustments: the requirement to mandatorily declare cryptocurrency wallet addresses has been removed, replaced by only requiring the declaration of balances and transaction records to protect residents from the risk of sensitive information leaks; new amendments allow the legal purchase of securities in the securities market and Russian digital financial assets using cryptocurrencies. In the future, it may allow legitimate Russian brokers and asset managers to trade on foreign crypto exchage, but additional requirements such as jurisdictional "friendliness" must be met. For non-professional investors, the annual limit through a single intermediary is 300,000 rubles, and only for "the most liquid cryptocurrencies." The bill also introduces a two-day freeze on large transfers abroad and to third parties. Aksakov did not specify whether the proposal to ban Russians from using non-custodial cryptocurrency wallets is retained.
Sources say Kraken is seeking a full European banking license in Lithuania.
PANews reported on July 8th that, according to CoinDesk, sources familiar with the matter revealed that cryptocurrency exchange Kraken is seeking a full banking license in Europe, with Lithuania as the jurisdiction for obtaining the license. If approved, Kraken would become the only crypto exchage holding such a license, following the same regulatory path as fintech giant Revolut (which received a specialized banking license from the Bank of Lithuania in 2018), enabling it to offer services such as current accounts, consumer loans, and stock trading in the European Economic Area. This move is part of Kraken's parent company Payward's global licensing strategy.
A summary of the latest situation in the Middle East: Trump approves plan to strike Iran; Iran believes the US will cause peace talks to fail.
BlockBeats reports the following is a summary of the latest situation in the Middle East on July 8th: Conflict Situation: Trump approved the strike plan against Iran. US officials stated that the strike against Iran was a "punitive action, not a reciprocal response," and that the operation "will not end anytime soon." A US official stated that the strike launched by the US against Iran on Tuesday was four to five times larger and more powerful than the strike launched 10 days earlier. The US revoked a general license authorizing the sale of Iranian oil, allowing related final transactions to continue until midnight Eastern Time on July 17th. This move is reportedly in response to Iran's recent firing on three merchant ships in the Strait of Hormuz. The Iranian Foreign Ministry stated that some merchant ships were sailing without coordination and had turned off or tampered with AIS signals, hindering safe navigation in the Strait of Hormuz. It urged regional countries and shipping companies to avoid any actions that violate the memorandum. The U.S. Central Command stated that its forces have initiated a series of powerful strikes against Iran in response to Iranian targeting and attacks on commercial shipping operated by civilian crews in international waterways. Iran's Foreign Ministry condemned the U.S. Treasury Department's revocation of the temporary suspension of sanctions on Iranian oil sales. U.S.-Iran Negotiations: Iranian Foreign Minister Araqchi stated that if the threats persist, negotiations for a final agreement will not begin; please honor your commitments. Iran's Supreme Leader's advisor, Rezaei, stated that it is clear the U.S. will cause the negotiations to fail. Lebanese diplomatic sources indicated that Lebanon refused to hold the sixth round of Lebanon-Israel talks in Rome, insisting that negotiations should continue in Washington. Strait of Hormuz: A liquefied natural gas (LNG) carrier was attacked in the Gulf of Oman. Multiple explosions occurred in the southern Iranian port city of Sirik. Explosions were heard on Qeshm Island and Bandar Abbas in southern Iran. British Maritime Authority: The threat level in the Strait of Hormuz has been raised to "serious".
Ripple has been fully licensed by MiCA CASP and can provide crypto asset services in 30 EEA countries.
According to Mars Finance, The Block reports that Ripple has announced it has received full MiCA CASP (Crypto Asset Service Provider) authorization from Luxembourg's financial regulator CSSF, allowing it to legally provide crypto asset services in all 30 countries of the European Economic Area.