Among the most outstanding news in the crypto world is the approval of the MiCA regulation by the European Union.

Below are the following five pieces of news from the crypto world that stand out:

  • The European Union approves MiCA regulation.
  • Coinbase temporarily pauses ETH staking reward payouts.
  • In Mexico, Binance and Despegar sign an agreement to pay for flights with cryptocurrencies.
  • Tether will increase its reserves in Bitcoin.
  • Bitcoin should be regulated like gambling, according to the British Parliament.

European Union Approves MiCA Regulation

The Council for Economic and Financial Affairs of the European Union, made up of the finance ministers of all member states, vote unanimously in favor of adopting the Markets in Crypto-Assets (MiCA) regulation.

The legislation establishes guidelines and regulatory requirements for the use of cryptocurrencies, related services and activities throughout the European Union. The scope of the legislation covers a number of cryptocurrencies, digital assets, utility tokens, and stablecoins.

The next step for MiCA to become European Union law requires the bill to be published in the Official Journal of the European Union. MiCA will take effect in one year, which means that the regulations will finally become law in mid-2024.

Coinbase Temporarily Pauses ETH Staking Reward Payments

Due to a technical glitch, Coinbase temporarily halted reward payments for its ETH staking service. In fact, the problem was identified, and they indicated that they would resolve it in 48-72 hours.

It is important to note that the decision to stop the staking service is not related to recent actions by the Securities and Exchange Commission (SEC) against ETH staking violations.

In Mexico, Binance and Despegar Sign Agreement to Pay for Flights with Cryptocurrencies

Despegar, the leading Mexican travel company in Latin America, announced an alliance with the world’s largest crypto exchange, Binance, and with Inswitch, a popular integrated financial technology company, to implement the option to receive payments with cryptocurrencies within Mexico.

According to the travel agency, this new option applies to the entire Despegar offer, thus complementing its value proposition to improve the experience of its users and bring them closer to the crypto world.

In this regard, the general manager of Binance in Mexico, Frida Vargas, said: “Binance’s mission is to increase the freedom of money globally. And cryptocurrencies can help create extremely useful products and solutions.”

On the other hand, Binance CEO Changpeng Zhao shared the enthusiasm and highlighted the many benefits that cryptocurrencies bring to the travel industry.

Tether To Increase Its Bitcoin Reserves

Tether International Limited (Tether), the issuing company of the most widely used stablecoin USDT, unveiled its new Bitcoin (BTC) investment strategy.

Specifically, Tether revealed that, starting this month, it will regularly allocate up to 15% of its realized net operating profits to the purchase of Bitcoin: “Tether’s purchase of BTC is part of its conservative and prudent approach to investment decisions aimed at strengthening, increasing and diversifying its reserves.”

In this regard, Paolo Ardoino, the CTO of Tether, explained that “the decision to invest in Bitcoin, the first and largest cryptocurrency in the world, is supported by its strength and potential as an investment asset.”

Bitcoin Should Be Regulated Like Gambling, According to The British Parliament

The Treasury Select Committee, which brings together several members of the UK Parliament, “strongly” recommended establishing regulations on retail investments in this asset.

According to what was expressed by this commission, they are “concerned” that the regulation of retail trade and investment in cryptocurrencies as financial services “creates a ‘halo’ effect that leads consumers to believe that this activity is safer than they think” it is, or that it is protected when it is not.

By Audy Castaneda


Please enter your comment!
Please enter your name here