Days from the MiCA deadline, most firms serving EU users still aren't licensed
Europe's crypto licensing cliff arrives July 1, and the bulk of the industry hasn't cleared it. Of the more than 1,200 firms that held national registrations across the bloc, only around 210 have secured full MiCA authorization, according to the EU's official register. That leaves roughly 83% unlicensed with days to go.
There's no soft landing. ESMA has said there is no "pending" status after the deadline: a firm is either authorized or in breach of EU law, with no right to keep serving EU clients.
The squeeze is sharpest at the top. Of all those authorizations, only 14 cover actual trading platforms.
I have several questions regarding Globiance’s statement on the 2024 hacking incident. https://t.co/1agZ0YVyf0
According to investigations by @blocksec_xdc , many users are already aware that funds were transferred to #Bitrue and #KuCoin.
However, it appears that users who mentioned this on Telegram have had their posts deleted or were banned.
Why was this not explained at the time, but only disclosed now after more than a half year?
The statement claims that the transfers were made “to ensure liquidity.”
But was there actually sufficient trading volume on Globiance to justify that level of liquidity?
Additionally, were the XDC that had been swapped into other assets ever returned to Globiance’s wallets and used for user reimbursements?
These seem to be fundamental questions regarding transparency.
For the sake of the community, I hope that @XDCNetwork will conduct further forensic analysis and provide on-chain verification.
@xdc_community@XDCFoundation@riteshkakkad@atulkhekade
#globiance #OnChainForensics #ForensicAnalysis #OnChainEvidence #RevealTheTruth #WeAreXDC