The beginning of the year in the cryptocurrency market often comes under the sign of expectation and adaptation. However, this January, despite the traditional post-New Year lull, has already brought several interesting events and opportunities that deserve attention.
1. Surprises from Layer-2 solutions
Layer-2 technology continues to attract attention. The transition of Phala Network to Ethereum as L2 is an important step for the entire ecosystem, strengthening its role in ensuring privacy and scalability. This step could be crucial for DeFi applications and open new opportunities for creators and users.

The new EU regulation on cryptocurrencies, MiCA, officially takes effect on December 30, and is expected to drive the development of euro-denominated stablecoins, according to reports from #JPMorgan .
Euro-Denominated Stablecoins Benefit
Strict MiCA requirements: According to the new regulations, only stablecoins that fully comply with standards #MiCA are allowed to be used as trading pairs on regulated markets in the EU.

Starting December 30, 2024, the #MiCA (Markets in Crypto-Assets Regulation) framework will come into effect, requiring crypto exchanges to cease trading the #USDT? stablecoin and several others. This is due to new regulations demanding licensing and transparency from stablecoin issuers.
Key Points:
New MiCA Regulations: Stricter requirements for stablecoin issuers, including licensing and transparency, make it impossible for exchanges to continue trading USDT in Europe.What Users Can Expect: European users will need to convert their USDT into other stablecoins or cryptocurrencies that meet MiCA requirements to avoid withdrawal restrictions.Market Impact: Increased volatility in the stablecoin market is expected in Europe. The long-term effect will depend on how quickly market participants adapt to the new regulations.
Conclusion: MiCA aims to enhance transparency and security in the European crypto market. Users should stay informed and be prepared to adapt to these changes in order to avoid potential disruptions.
$BTC
$ETH

1. Form No. 2086: Declaration of capital gains or losses on sales of digital assets
This form is used to report capital gains or losses made on the sale of digital assets, such as cryptocurrencies. It must be attached to the income tax return.
• Use: Details of digital asset transfer operations carried out during the fiscal year.
• Access to the form: Available on the official French tax website

2. Form No. 2042-C: Supplementary income declaration

MoonPay, alongside BitStaete, ZBD, and Hidden Road, has achieved a significant milestone by obtaining Markets in Crypto Assets (#MiCA ) licenses from Dutch regulators. These approvals, confirmed in a December 30 filing by the Dutch Authority for the Financial Markets (#AFM ), empower the companies to operate seamlessly across all 27 EU member states under a unified regulatory framework.

Ivan Soto-Wright, CEO and co-founder of MoonPay, described the development as transformative for the European cryptocurrency industry. “𝐌𝐢𝐂𝐀 𝐢𝐬 𝐚 𝐥𝐚𝐧𝐝𝐦𝐚𝐫𝐤 𝐚𝐜𝐡𝐢𝐞𝐯𝐞𝐦𝐞𝐧𝐭 for digital asset regulation in Europe, and we’re honored to be among the first to collaborate with the Dutch AFM to embrace this new framework,” 𝐒𝐨𝐭𝐨-𝐖𝐫𝐢𝐠𝐡𝐭 stated. The MiCA legislation, designed to standardize cryptocurrency regulations across Europe, includes the Crypto Asset Service Provider (CASP) license, enabling license holders to expand operations throughout the bloc.

The new regulatory framework began its phased rollout on June 30, 2024, initially targeting stablecoins, referred to as “ 𝐀𝐬𝐬𝐞𝐭 𝐑𝐞𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐓𝐨𝐤𝐞𝐧𝐬” 𝐚𝐧𝐝 “𝐄-𝐌𝐨𝐧𝐞𝐲 𝐓𝐨𝐤𝐞𝐧𝐬.” The December 30 extension brought all other regulated digital tokens, coins, and 𝐂𝐀𝐒𝐏𝐬 under its purview. Alongside MoonPay, firms like BitStaete, a digital asset management platform; 𝐙𝐁𝐃 , a fintech company specializing in Bitcoin lightning solutions; and Hidden Road, a clearing and brokerage firm, have secured 𝐂𝐀𝐒𝐏 licenses. These approvals mark a pivotal step forward for these companies as they navigate the evolving regulatory landscape of the European Union.

𝐌𝐢𝐂𝐀’𝐬 𝐃𝐮𝐚𝐥 𝐈𝐦𝐩𝐚𝐜𝐭: 𝐒𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐯𝐬. 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐒𝐭𝐫𝐚𝐢𝐧 🔥🔥🔥🔥🔥

While MiCA is lauded for providing regulatory clarity and promoting market maturity, its stringent requirements have sparked debate among industry players. Economists have raised concerns about the financial strain it imposes, particularly on smaller crypto firms. Stablecoin issuers, for example, must maintain at least 30% of their reserves in low-risk, EU-based banks, while larger issuers like Tether and Circle face even stricter mandates, requiring 60% reserves in similar institutions.

Critics argue that such measures could hinder smaller startups and escalate operational costs, potentially driving companies toward jurisdictions with more favorable regulations. 𝐀𝐠𝐧𝐞 𝐋𝐢𝐧𝐠𝐞 , head of growth at DeFi platform WeFi, highlighted the challenges for smaller issuers, calling the 30% reserve requirement “financially burdensome.” Similarly, U𝐥𝐝𝐢𝐬 𝐓𝐞𝐫𝐚𝐮𝐝𝐤𝐚𝐥𝐧𝐬 𝐨𝐟 𝐏𝐚𝐲𝐛𝐢𝐬 𝐩𝐫𝐞𝐝𝐢𝐜𝐭𝐞𝐝 𝐭𝐡𝐚𝐭 𝐭𝐡𝐞 𝐔𝐀𝐄’𝐬crypto-friendly policies might attract firms seeking less restrictive environments.

Nonetheless, some industry leaders see the framework as a positive development. 𝐃𝐦𝐢𝐭𝐫𝐢𝐣 𝐑𝐚𝐝𝐢𝐧 , founder of 𝐙𝐞𝐤𝐫𝐞𝐭 , views MiCA as a necessary step to enhance market integrity and attract new users and funds. However, he also warned that increased regulatory scrutiny could lead to tighter oversight of retail investors. As MiCA takes full effect, its long-term impact will likely hinge on how well it balances market stability with fostering innovation.
#MoonPay #MiCAs #NonFarmPayrollsImpact

With the rise of crypto-assets, tax rules in France and Europe are adapting to regulate this growing sector. Here is the latest information to know:
1. Tax regime for crypto-assets in France
Since January 1, 2023, individuals can choose between two tax regimes for capital gains made on the sale of crypto-assets:
• Single Flat-Rate Deduction (PFU): a flat rate of 30%, including 12.8% income tax and 17.2% social security contributions.

🔸 As the “MICA” rules are nearing their end of implementation on January 10, 2023, the fate of Tether (USDT) in the European Union is uncertain. According to a member of the #MiCA Crypto Alliance Technical Committee, none of the European regulators have yet officially announced whether Tether is compliant with the MICA rules.
🔸 While some exchanges like Coinbase have removed Tether from their services in Europe, many others like Binance and Crypto.com continue to support the currency. According to experts, exchanges can gain more transparency from regulators with a “#WAIT and #see ” strategy.
🔸 According to the MICA rules, companies providing digital currency services before the aforementioned date have until July 1, 2021 to obtain the necessary licenses or cease their activities.
#BTCMiningPeak #btc2025

Binance, the world's leading cryptocurrency exchange, has officially partnered with Circle – the issuer of the stablecoin $USDC in the U.S. – to promote the adoption of USDC globally. This announcement was made during the Abu Dhabi Finance Week event on December 11.

Goals of the Collaboration

Both parties are committed to supporting the development of the global digital asset ecosystem and expanding financial services. Binance plans to enhance the use of USDC in trading, saving, and payment sectors on its platform. At the same time, the exchange will select USDC as the primary stablecoin in its reserves to promote the trend of asset conversion to blockchain.

A senior executive from Tether, the issuer of USDT, has sounded the alarm that the European Union's silence on the matter doesn't necessarily mean USDT is compliant with the Markets in Crypto-Assets (MiCA) regulation 🤔.
What is MiCA? 📜
MiCA is the EU's landmark regulatory framework for crypto-assets, aiming to provide a harmonized approach to regulating the industry across member states.
Tether's Concerns 🚨
The executive emphasized that USDT's compliance with MiCA is not guaranteed, despite the EU's lack of explicit statements on the matter. This uncertainty highlights the need for clarity and cooperation between regulators and industry players.
Implications for the Crypto Market 🌐
The EU's MiCA regulation has far-reaching implications for the crypto industry. As the first comprehensive regulatory framework for crypto-assets, it sets a precedent for other jurisdictions to follow.
Stay Informed 📊
Stay up-to-date with the latest developments on MiCA and its impact on the crypto market. Follow us for more insights and analysis!
#MiCA
#USDT
#Tether
#CryptoRegulation
#BinanceSquare