ChainCatcher news, according to Cointelegraph, the EU will transition from national laws regarding Crypto Asset Service Providers (CASP) to the Markets in Crypto-Assets Regulation (MiCA) by December 30. The Cyprus Securities and Exchange Commission (CySEC) is providing a model for this transition by freezing CASP applications and warning market participants of the upcoming changes.Starting from October 17 (the date of the announcement), CySEC will no longer accept CASP applications submitted under Cyprus national law. CASPs that successfully registered under national law before the December 30 deadline will be able to operate in that jurisdiction until July 1, 2026, unless authorized or denied authorization under Article 63 of MiCA before then. Once the MiCA regulations come into effect, CASPs will be subject to the Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) of the European Commission.These standards have not yet been published, but CySEC advises relevant parties to refer to the draft Technical Standards published by the European Securities and Markets Authority (ESMA) during this period. On October 30, CySEC will stop accepting notifications of intent from EEA entities to provide services in Cyprus under Cyprus national rules; entities that submit notifications before this date will be able to operate under the same conditions as local entities until July 1, 2026.

ChainCatcher news, the European Securities and Markets Authority (ESMA) stated on Wednesday that cryptocurrency companies should be required to undergo external audits of their network defenses, and urged lawmakers in Brussels to amend the region's flagship regulatory framework for the crypto industry to better protect consumers.The agency believes that stricter cybersecurity rules are an important component of the EU's regulation of the crypto asset market (MiCA), which will come into full effect in December.ESMA has been advocating for the inclusion of a requirement for cryptocurrency companies to have their ability to withstand cyberattacks audited by a third party, as the agency works to finalize the implementation of these rules. These rules were passed by EU lawmakers last year.However, the European Commission opposed this move, stating that ESMA is overstepping its authority and going beyond the legislative mandate. Both sides declined to comment.

ChainCatcher news, according to Cointelegraph, Binance recently stated that the upcoming EU regulation on crypto assets (MiCA) will be a key milestone for global stablecoin regulation. The legislation is set to come into full effect on December 30, 2024, and is the first comprehensive regulatory framework for crypto.A Binance spokesperson emphasized that MiCA will enhance market stability and consumer protection while promoting innovation by establishing clear rules for issuance, reserve management, and redemption. The legislation is expected to become a global benchmark, encouraging other jurisdictions to develop compatible frameworks and improve cross-border compatibility.However, a report from Binance pointed out that the strict implementation of MiCA could pose challenges for stablecoin providers. The report stated that if the regulations are interpreted strictly, decentralized finance (DeFi) protocols may need to comply with the same licensing and KYC requirements as traditional financial service companies, which could be difficult for many DeFi protocols to accept.

ChainCatcher news, Societe Generale -- Forge, a subsidiary of Société Générale, announced that it has obtained the qualification for stablecoin issuance, and its EURCV stablecoin has complied with the MiCA regulations that came into effect on June 30. SG Forge was registered as a Digital Asset Service Provider (DASP) in September 2022, giving it legal status in digital asset custody, trading between fiat currency and digital assets, and exchange services between digital assets.In addition, SG Forge has updated its smart contracts, allowing the transfer of the EUR CoinVertible (EURCV) stablecoin to no longer be limited to whitelisted addresses.

ChainCatcher news, according to DLNews, cryptocurrency exchange Bitstamp will delist Tether's EURT and other stablecoins that do not comply with the new EU crypto asset laws before the June 30 deadline. Stablecoins or electronic money tokens that are not euro-denominated and do not meet the crypto asset market rules launched this week will be restricted in certain products but will not be delisted. The exchange will not list or sell new tokens that do not comply with the regulations.