News linked to both this project and an event.
Odaily News — According to a recently published guide to European crypto trading platforms, Gate Europe has been named one of the European platforms suited for low-cost spot trading and EUR fiat on-ramp. The platform has obtained MiCA authorization from the Malta Financial Services Authority (MFSA), offers a standard spot trading fee of 0.1%, and supports EUR funding via SEPA bank transfers. In terms of user coverage, Gate Europe can accommodate the trading needs of users ranging from beginners to advanced traders, with strong suitability for spot trading users; in response to European users' asset migration needs, the platform also supports migration from USDT to USDC. BeInCrypto previously included Gate Europe in its guide to MiCA-licensed platforms, and continues to follow its regulatory progress and service capabilities in the European market.Currently, Gate Europe has taken the lead in obtaining the EU's Markets in Crypto-Assets Regulation (MiCA) license and a Payment Institution (PI) license, continuously strengthening its compliance foundation in the European market. Meanwhile, Gate Connect, Gate Card, and related support systems have completed PCI DSS v4.0.1 Level 1 compliance assessment. Against the backdrop of the full implementation of the MiCA regulatory framework and European users' growing attention to legal entities, scope of authorization, and fiat channels, Gate Europe is leveraging its compliance credentials to provide European users with a more comprehensive digital asset trading and fund services experience. (BeInCrypto)
British fintech company Revolut announced that it has received in-principle approval from the Dubai Virtual Assets Regulatory Authority (VARA) to conduct crypto asset-related business in the UAE. The scope of Revolut’s approval includes brokerage and dealing, asset management and investment, as well as cryptocurrency trading services. Revolut stated that in the future, users in the UAE will be able to buy, sell, and hold digital assets through the Revolut App and the Revolut X trading platform. (Cointelegraph)
Odaily News Odaily News U.S. Commodity Futures Trading Commission (CFTC) Chair Michael Selig urged the U.S. Congress to pass the Clarity Act as soon as possible. In an interview with Fox Business, he stated that if Congress fails to complete the relevant legislation, regulatory bodies like the CFTC will ultimately have to "make all the cryptocurrency rules." Selig said: "We have to get the legislation done. We want to establish clear regulatory standards and protect consumers." (The Block)
Odaily Odaily: Lighter founder and CEO Vladimir Novakovski posted on X: "As the United States celebrates its 250th anniversary, I am proud to have been building Lighter here from the very beginning. This year, I have also started doing my small part — serving as a member of the Commodity Futures Trading Commission (CFTC) Innovation Advisory Committee."Odaily Note: The Innovation Advisory Committee was established to advise the CFTC on complex issues at the intersection of technology, law, policy, and finance.