fma

The Swiss banking group #AMINA became the first crypto bank to obtain a license #MiCA (Markets in Crypto-Assets) in Europe through its Austrian subsidiary AMINA AG.

The license was issued by the Austrian financial regulator (#FMA ), which paves the way for launching regulated services for trading crypto assets, storage, portfolio management, and staking for professional investors.

Austria was chosen as the starting point for European expansion due to its "regulatory excellence and high level of investor protection." Currently, AMINA EU has already reported activities in 13 European countries and plans to expand to over 30 markets on the continent.

The New Zealand regulatory authority has been quite straightforward this time, directly kicking the NZDD stablecoin out of the "financial product" category. The reason is that this thing does not generate interest, has no returns, and completely lacks investment attributes.
This logic sounds a bit humorous, like saying, "As long as I'm not making money, you can't control me." From a compliance perspective, this actually opens the green light for stablecoins intended for specific purposes, allowing project teams to skip the cumbersome process of obtaining a financial license, focusing on a purely payment tool.
However, don’t celebrate too early; this ruling is limited to non-yielding varieties. If it involves those labeled as RWA with self-generating interest attributes, the regulatory authority’s demeanor will likely change immediately. This kind of "differentiated treatment" is actually clarifying boundaries; established financial regulatory agencies seem to have grasped the concept of risk isolation well.
Do you think this identity of "non-financial product" is beneficial for liquidity or does it limit its imaginative space? #NewZealand #CryptoRegulation #Stablecoin #FMA