NEWS DIGEST – 16.09.2025 🚀
1) 🇪🇺 France may block MiCA’s “passporting” for crypto firms
What’s new: France’s AMF, joined by regulators in Italy & Austria, wants to restrict crypto firms licensed in one EU country from operating in others under MiCA’s passporting rules. They want oversight of big players moved to ESMA to prevent firms “shopping” for lax licenses (e.g. via weak‐enforcement states).
Why it matters: Could fracture EU crypto market integration. Companies may need to maintain stricter licenses in France/Italy, higher compliance cost. Investors should expect regulatory friction and perhaps divergence in which jurisdictions dominate crypto licensing.
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2) 🪙 Tether’s USA₮ launch shakes up stablecoin race
What’s new: Tether is preparing USA₮, a U.S.-regulated, dollar-backed stablecoin under the GENIUS Act, led by Bo Hines. It aims to compete vs. USDC, issued via Anchorage Digital Bank.
Why it matters: Regulatory compliance is becoming essential. USA₮’s entry increases competition in stablecoins under U.S. law. It could attract users/institutions seeking stablecoins with regulated backing and legal clarity.
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3) 🏦 Capital B raises €58.1M to build up its Bitcoin treasury strategy
What’s new: Capital B (Bitcoin Treasury Company listed in France) completed a private placement of €58.1 million from institutional investors to accelerate its BTC accumulation. Goal: increase BTC per share.
Why it matters: Shows solid institutional interest in the “bitcoin treasury” model in Europe. As more public companies adopt BTC reserves, the demand side for BTC increases. At same time, equity of these firms will increasingly reflect crypto price risk.
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4) 💷 UK proposes stablecoin ownership caps — firms push back
What’s new: Bank of England’s proposal: cap individual holdings of systemic stablecoins at £10,000–£20,000; businesses up to ~£10 million. Industry groups argue this limit would hurt innovation and UK competitiveness.
Why it matters: Significant regulatory trade-off: protecting financial stability vs. preserving growth / innovation. If the UK imposes tight caps, it may push business or liquidity to countries with lighter rules. Stablecoin adoption could slow.
