Standard Chartered Secures MiCA License Amidst Crypto Regulatory Expansion
Money

Standard Chartered Secures MiCA License Amidst Crypto Regulatory Expansion

authorBy Ramit Sethi
DateJul 03, 2026
Read Time2 min
Standard Chartered has recently secured a crucial MiCA license, marking a significant development in the European crypto regulatory landscape. This achievement places the bank among 37 new firms added to the European Securities and Markets Authority (ESMA) register, bringing the total number of authorized crypto-asset service providers (CASPs) in the EU to 280. This expansion follows the conclusion of MiCA's transitional period, emphasizing a new era of regulatory compliance and institutional involvement in the crypto market. The move highlights the increasing mainstream adoption of digital assets within a structured regulatory framework.

Navigating the Future: Crypto's Regulatory Horizon

The Initial Wave of MiCA Licenses Post-Transition Deadline

Following the July 1st deadline for MiCA's transitional period, the European Securities and Markets Authority (ESMA) has updated its register, announcing the approval of 37 additional Crypto-Asset Service Providers (CASPs). This update brings the total number of authorized entities to 280, signifying a major shift in how crypto businesses operate within the EU. Companies that did not meet the deadline are now unable to serve EU clients under previous national rules, underscoring the importance of this regulatory milestone.

Standard Chartered's Strategic Move to EU Compliance

Standard Chartered has successfully obtained both a MiCA authorization and an Electronic Money Institution (EMI) license through its Luxembourg-based subsidiary. This enables the bank to expand its digital asset custody services across the EU, transitioning from its previous operation under national virtual asset service provider rules. This strategic move allows for a phased rollout of services throughout Europe, contingent on further approvals, and builds upon its existing custody operations in Asia and the Middle East.

Industry Reactions to Traditional Banking's Entry into Web3

While the broader financial sector welcomes the increased institutional involvement in Web3, some users have expressed concerns regarding the seemingly contradictory policies of traditional banks towards crypto. Despite banks gaining licenses to service crypto businesses, their retail risk policies may limit the access of individual crypto participants. This raises questions about the full integration of digital assets into the mainstream financial system and the impact on the broader crypto community.

More Articles
Money
Nvidia's Future: Potential Growth Amidst Market Skepticism
Despite recent market dips and investor apprehension, Nvidia's valuation remains compelling. The company's innovative advancements in AI chip technology and its strategic entry into the CPU market position it for substantial growth. This analysis explores Nvidia's current standing, potential challenges, and historical performance to project the possible returns on a $25,000 investment.
By T. Harv EkerJul 03, 2026
Money
Kinross Gold's Enduring Multibagger Potential Amidst Target Price Adjustments
Kinross Gold Corporation (KGC) maintains its status as a multibagger stock despite recent downward revisions in its target price by UBS and RBC Capital. While these firms lowered their targets, they reiterated 'Buy' ratings, with UBS suggesting a 27% upside and RBC Capital maintaining an attractive revised target. Bank of America Securities, conversely, raised its price target, forecasting an impressive 95% upside, highlighting divergent expert opinions on KGC's short-term valuation but consensus on its long-term growth potential.
By Vicki RobinJul 03, 2026
Money
Recurve Capital's Deep Dive into Carvana's Performance
Recurve Capital's recent investor update for June 2026 revealed significant underperformance, largely attributed to Carvana (CVNA). The used car retailer's stock decline in June and year-to-date has heavily impacted the portfolio's returns. Despite this, the capital firm highlights Carvana's growing owner earnings and past successes, emphasizing a long-term investment strategy. The report also touches upon Carvana's market capitalization and its presence in hedge fund portfolios, while suggesting alternative AI stock opportunities.
By Chika UwazieJul 03, 2026
Money
Structure Therapeutics: A Promising Biotech Investment Opportunity
Structure Therapeutics (GPCR) is attracting significant attention as a potential high-growth biotech stock. Analysts have issued 'Buy' ratings, citing strong clinical trial results for their weight-loss drug, aleniglipron. This oral treatment shows efficacy in weight reduction and offers broader health benefits, positioning it as a leading candidate in the expanding obesity management market.
By T. Harv EkerJul 03, 2026
Money
Bitmine Immersion Nears 5% Ethereum Ownership Goal, Bolstered by Strong Financials and AI Demand
Bitmine Immersion Technologies Inc. (BMNR) is on the verge of achieving a 5% stake in Ethereum's total supply, holding 5.62 million ETH valued at approximately $9.7 billion. The company recently declared a cash dividend for its preferred shareholders, highlighting its robust financial health. Chairman Tom Lee attributes the growing demand for neutral public blockchains like Ethereum to advancements in AI systems. BMNR, operating as a blockchain technology firm, specializes in ETH treasury operations and digital asset ecosystem services.
By Natalie PaceJul 03, 2026