Tag: MiCa

FinTelegram will increasingly focus on DeFi brokers and DeFi investment schemes alongside offshore casinos. The reason is simple: the perimeter game has not disappeared. It has evolved. What binary options and offshore brokers once did through shell structures and payment agents is now being rebuilt through DeFi-branded interfaces, on/off-ramp layers, wallet logic, and outsourced execution rails.

By 2025, stablecoins have become the foundational payment infrastructure for a crypto gambling market generating $81.4 billion in annual revenue, a fivefold increase from 2022 levels. This investigation identifies the major platforms accepting stablecoins, examines their regulatory frameworks, and assesses the compliance and financial crime risks inherent in this rapidly expanding sector.​

In 2025, stablecoins moved from “crypto plumbing” to payment infrastructure. On-chain transaction value hit record highs, and banks/fintechs began piloting stablecoin settlement. Regulators also moved: MiCA’s EU stablecoin regime began applying in 2024 and 2025 was the first full year of implementation, while the U.S. GENIUS Act set a federal framework.

Keep your token in MiCA and route derivatives liquidity to venues that shoulder MiFID II obligations. Our Hyperliquid tests show why the split matters: EU access to perps without KYC is a venue risk, not a loophole for issuers.

Perpetual futures (perps) on DEXs may be branded as “permissionless,” but in the EU they don’t live outside the law. When derivatives are offered to EU clients, they generally fall under MiFID II—licences, conduct rules, surveillance, the lot [2]. In our latest field test from Italy, we connected a wallet to Hyperliquid, accepted its terms, and reached Spot and Perps—with no EU geo-gate, no residency question, and no KYC.

Total stablecoin on-chain transaction volume in the first half of 2025 reached approximately $4.6 trillion, with projections for the full year expected to exceed $8–$9 trillion if current trends continue. They account for 40% of total trading volume on crypto exchanges. Stablecoins processed volumes on-chain that rival or exceed traditional payment networks like Visa and Mastercard.

Crypto regulation continues. The passage of the GENIUS Act in the US and the implementation of the MiCA (Markets in Crypto-Assets) Regulation in the EU represent landmark shifts in the regulatory landscape for stablecoins and crypto assets. Both frameworks seek to provide clarity, consumer protection, and systemic stability in the digital assets market, but differ in focus, reach, and operational detail.

The UK and the EU have implemented regulatory frameworks for cryptoassets. However, the two approaches of the UK and the EU are very different. The UK prescribes very precisely how crypto providers are allowed to deal with their customers and what they are not allowed to do. The EU, on the other hand, has implemented a comprehensive framework with MiCA with ESMA as the competent regulator.