First MiCA licenses in the Netherlands for crypto companies
The Dutch Financial Markets Authority (AFM) has granted four crypto companies a MiCA license. The license gives them access to the Dutch market and may soon open the European market for these parties as well. This is an important milestone in European crypto-regulation. The companies that received the license are MoonPay, BitStaete, Hidden Road and ZBD. With this step, the Netherlands is positioning itself as a leader in the implementation of MiCA regulations. MiCA, which came into force on Dec. 30, 2024, is a new regulatory framework for crypto assets. It aims to make the crypto market safer and more transparent. Although the regulations focus on regulated companies, it also affects unregulated parties.
South Korea opens doors for institutional crypto investors
South Korea plans to ease restrictions on institutional crypto investments. The Financial Services Commission (FSC) is considering a gradual approach to allow companies to trade cryptocurrencies. Currently, only retail investors with verified accounts are allowed to trade crypto. The FSC wants to change this and will discuss the issue with the Digital Asset Committee. The first step is to allow nonprofit organizations to open accounts. The FSC also wants to improve cooperation between financial institutions and fintech companies. In addition, there will be improvements in the regulation of crypto exchanges. This is all part of South Korea’s efforts to create a more regulated and stable crypto environment.
Czech Republic considers Bitcoin as reserve assets
Czech National Bank (CNB) Governor Aleš Michl has announced that he is considering adding Bitcoin (BTC) to the bank’s reserves. Michl sees Bitcoin as a potential diversification strategy, but stressed that it would only be a small investment. Before CNB can buy Bitcoin, the seven-member board must approve the proposal. Advisor Janis Aliapulios confirms that there are currently no concrete plans to invest. Gold remains the CNB’s preferred reserve asset for now. Still, Michl is optimistic about Bitcoin and does not rule out that the bank will consider Bitcoin as a reserve asset in the future.
