MiCA cracks down on USDT in Europe... but no one else cares
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Gate has been recognized as one of the best MiCA-licensed trading platforms in 2026, continuing to strengthen its European compliance advantages.
According to BeInCrypto's latest Odaily, Gate has been selected as one of the "Best MiCA-Licensed Crypto Platforms in 2026" and awarded "Best for Access to a Large Cryptocurrency Selection." The rankings indicate that Gate offers a diversified digital asset ecosystem encompassing spot trading, contracts, wealth management, and Web3 services, and provides European users with a more comprehensive digital asset trading experience thanks to its extensive asset coverage and product portfolio. With the official end of the transition period for the EU's Crypto Asset Market Regulation (MiCA), the European digital asset market has fully entered an era of unified regulation. Gate Europe had previously taken the lead in obtaining both an EU MiCA license and a Payment Institution (PI) license. These two important regulatory qualifications provide a solid foundation for Gate Europe to conduct business under the European regulatory framework and further strengthen the platform's capabilities in compliant operations, risk management, and long-term development. This recognition from a well-known industry media outlet further demonstrates Gate's positive progress in promoting compliance and continuously optimizing its products and services in Europe. Gate's founder and CEO, Dr. Han, stated that the formal implementation of MiCA signifies the end of the era of "regulatory arbitrage" in the European crypto industry, and market competition will increasingly focus on product, security, and user experience. His views were also reprinted by Cointelegraph, further reflecting the industry's widespread attention to the new era of European regulation. Currently, multiple entities under Gate 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, solidifying their global business foundation through multi-regional regulatory licenses and registrations. The platform continues to advance its global compliance strategy and constantly improve its global compliance network to provide users with safer, more transparent, and more efficient digital asset services.
One week after the full implementation of the EU's MiCA (Military Qualification and Control) system, 21 stablecoin issuers and over 270 crypto service providers have obtained regulatory qualifications.
According to Odaily Odaily, Patrick Hansen, Senior Director of EU Strategy and Policy at Circle, cited MiCA provisional registration data from the European Securities and Markets Authority (ESMA) to release statistics on compliant institutions one week after the full implementation of the regulations. Currently, there are 21 authorized electronic money token (EMT) issuers in the EU, distributed across 12 member states, issuing a total of 35 EMTs pegged to 8 fiat currencies. France continues to lead other member states with 6 licensed issuers. Meanwhile, the number of approved asset reference token (ART) issuers remains at 0, while the total number of registered crypto asset service providers (CASPs) under the MiCA framework has exceeded 270.
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.
The European Parliament has called for a review of DeFi and NFT regulation, and a follow-up framework for MiCA has been put on the agenda.
PANews reported on July 8th that, according to a report by Crypto.news, members of the European Parliament on Tuesday adopted a policy position report, requesting the European Commission to review whether DeFi, staking, crypto lending, NFTs, and tokenized financial assets should be included in the subsequent regulation under the MiCA framework. The report does not amend existing laws or add new obligations, but sets priority directions for the next phase of crypto regulation. It also calls for consistency among member states, warning that differing national practices could weaken the EU's single market for digital assets. In May, the European Commission launched a public consultation on whether the MiCA should be extended to more crypto activities and whether to reconsider restrictions on interest-bearing stablecoins. The report takes a positive stance on tokenization and euro-denominated stablecoins, stating that unified implementation of rules would enhance the competitiveness of the European financial market.
After criticizing DeepSeek for disrespectful interviewing practices, Huawei's "genius youth" Li Bojie is accused by a former investor of "taking money and disappearing."
According to Beating's monitoring, Li Bojie, one of Huawei's first batch of "genius teenagers," complained about his DeepSeek interview experience on social media, claiming that he was accused of cheating during a coding interview and therefore terminated the interview on the spot. This complaint quickly sparked a new controversy, with former investor and co-founder of Web3 venture capital firm ABCDE, Du Jun, publicly accusing Li Bojie of "lacking a sense of contract." Du Jun alleges that Li Bojie and his partner Zhuang Siyuan, after receiving investment from ABCDE to found Metagent in 2024, refused to fulfill their contractual obligations to synchronize financial and business progress, and subsequently disappeared. Du Jun stated that he can accept various project failures, but cannot accept the fraudulent behavior of founders taking the money and running away. Li Bojie resigned from Huawei in 2023 and co-founded Logenic AI (later renamed Pine AI), and has not yet responded to these allegations.
Tether CEO: EU MiCA regulations are "very dangerous" for stablecoins; abandoning the application was to protect users.
PANews reported on July 2nd that, according to Coin Bureau, Tether CEO Paolo Ardoino explained why USDT did not apply for an EU MiCA license, stating that the regulation is "very dangerous for stablecoins." He indicated that MiCA could force issuers to hold 60% of their reserves in uninsured cash deposits at small European banks, which might be unable to handle large-scale redemptions. Ardoino believes the legislation is "poorly considered" and stated that "skipping MiCA is to protect Tether's more than 400 million users."