MiCA focus shifts from rulemaking to supervision, ESMA chair says
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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.
AI capital rotation, the full implementation of MiCA, and stablecoin competition are the focus of the market this week.
According to Mars Finance, on July 5th, discussions in the digital asset industry this week mainly revolved around AI, the EU's Crypto Asset Market Regulation Act (MiCA), stablecoins, and Bitcoin. Regarding AI, many industry insiders believe that current market funds are shifting from digital assets to AI infrastructure construction. In the future, the value of the AI industry will likely be captured more by application layer and infrastructure providers, rather than solely by large model developers. Furthermore, some believe that if the US government acquires a stake in OpenAI, it could further exacerbate the trend of AI industry consolidation. On the regulatory front, with the official end of the MiCA transition period, EU crypto asset service providers will need to obtain full MiCA licenses to continue operating. Industry insiders believe that regulatory compliance will gradually become a significant competitive advantage for European crypto payment and digital asset service providers. Regarding stablecoins, the industry continues to focus on the newly launched OpenUSD (OUSD). Analysts believe that its ecosystem network, involving over 140 institutions including Visa, Mastercard, Stripe, Coinbase, BlackRock, and BNY, is poised to challenge the existing stablecoin market structure, such as USDC, by leveraging its distribution advantages. However, some argue that OUSD still faces challenges such as liquidity cultivation and governance coordination. Regarding Bitcoin, market opinions are divided on the recent capital operations of Michael Saylor's Strategy. Some analysts believe the company's recent financing arrangements suggest it may still need to sell Bitcoin to meet future funding needs; others believe this move effectively alleviates market concerns about liquidity and default risk, constituting a proactive risk management measure.
The EU's new MiCA regulatory rules have come into full effect, with 244 crypto asset service providers completing registration.
BlockBeats reported on July 2nd that Europe's years-long efforts to regulate the crypto industry reached a key milestone on Wednesday, with the final transition period of the Crypto Asset Markets Regulation (MiCA) officially ending. One of the world's most comprehensive crypto asset regulatory frameworks has now been fully implemented. Currently, market focus is shifting to how the end of the MiCA transition period will affect users, crypto companies, and the market as a whole. For leading industry players, the answer is relatively clear. Crypto trading platforms that have obtained MiCA licenses can operate throughout the EU under a unified regulatory framework; while companies without licenses must gradually withdraw from the EU market or restrict their services to EU clients. However, judging from cryptocurrency trading volume data, the actual impact of MiCA on most users may be relatively limited. On the other hand, according to the provisional MiCA registration list published by the European Securities and Markets Authority (ESMA), as of last week, 244 authorized Crypto Asset Service Providers (CASPs) had completed registration. Trezor's Chief Commercial Officer (CCO), Danny Sanders, stated that prior to the implementation of MiCA, "there were more than 3,000 crypto asset service providers operating under the regulatory systems of various European countries."
Japanese crypto exchage bitFlyer subsidiary obtains CASP license under the MiCA framework in Luxembourg.
PANews reported on July 1st that, according to CoinPost, bitFlyer Europe, the Luxembourg subsidiary of bitFlyer Holdings, has obtained a CASP license under the MiCA framework from the Luxembourg Financial Supervisory Authority (CSSF), effective June 26th. With this license, bitFlyer can provide cross-border services throughout the 27 EU member states. bitFlyer stated that this is the first Japanese crypto exchage to obtain a CASP license under the MiCA.
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.
Goldman Sachs: AI investment focus shifts to real-world industries; capital expenditure could reach $7.6 trillion over the next 6 years.
According to a recent report by Goldman Sachs, the focus of artificial intelligence (AI) investment has begun to extend to the broader real economy. While computing power, electricity, and data centers are still under rapid construction, AI is simultaneously entering real-world scenarios such as manufacturing, energy, logistics, defense, life sciences, and robotics. From 2026 to 2031, global AI capital expenditure surrounding computing, data centers, and electricity will reach approximately $7.6 trillion, with annual investment rising from $765 billion in 2026 to $1.64 trillion in 2031. Hyperscale cloud vendors may invest over $6 trillion in AI by 2030. The key to future competition will not only be models or chips, but also capital structure, energy supply, industry data, engineering capabilities, and deployment capabilities. (Cailian Press)