ESMA publishes its first post-deadline MiCA register update, adding 37 crypto-asset service providers, including Standard Chartered and FalconX. The European Securities and Markets Authority (ESMA) has published the first update to its register of crypto companies under the European Union’s Markets in Crypto-Assets Regulation (MiCA) after the transitional period ended Wednesday. Friday's update to the register added 37 licensed crypto-asset service providers (CASPs), including global banking group Standard Chartered, which secured MiCA authorization from Luxembourg regulators on June 25. Among the new CASPs are digital asset prime brokerage FalconX, Sygnum Europe and Ronin EM, while the register of electronic money tokens (EMTs) has added Crédit Agricole’s CACEIS. Read more
Shielded Labs said exchanges, mining pools and wallets may need more time to complete Zcash’s Z3 software migration and safely prepare for Ironwood. Shielded Labs has raised the possibility of delaying Zcash's Ironwood network upgrade, warning that ecosystem participants like exchanges, mining pools and wallets may not have enough time to prepare their systems for the planned activation in late July. Jason McGee, executive director of Shielded Labs, said in a Zcash community forum post that two major projects are moving forward at the same time. Alongside Ironwood, infrastructure providers are being asked to replace Zcash’s longstanding node and wallet software, zcashd, with a new collection of tools known as the Z3 stack. The concerns highlight the trade-off between quickly restoring confidence in Zcash’s shielded supply and giving ecosystem participants enough time to deploy and audit the new infrastructure safely. Read more
A defendant who owns one of the dormant Bitcoin wallets filed to dismiss the New York case, which seeks ownership of $229 billion worth of Bitcoin considered lost. A pseudonymous defendant has moved to dismiss a New York lawsuit seeking ownership of 39,069 dormant Bitcoin addresses, arguing that Bitcoin addresses are merely data strings that cannot be sued. The defendant, identifying themselves as “John Doe 33,” filed a notice of appearance and motion to dismiss on Thursday, claiming they control one of the dormant wallets named in the lawsuit. According to the motion, the lawsuit is legally defective because Bitcoin address strings are neither persons nor legal entities subject to the court's jurisdiction. The filing argues that a public Bitcoin address cannot itself be “found” under New York's lost-property law because it has always been publicly visible on the blockchain. Read more
The Indian central bank reportedly urged lawmakers to keep banks insulated from crypto and private stablecoins while preserving room for regulated tokenization. The Reserve Bank of India (RBI) reportedly backed a containment strategy for digital assets to shield banks and other financial institutions from exposure to crypto and privately issued stablecoins, as lawmakers prepare a report on the country’s digital asset policy. According to a report by The Economic Times, RBI Deputy Governor Rohit Jain and Executive Director P. Vasudevan presented the central bank’s position to the Parliamentary Standing Committee on Finance on Thursday. In a background note submitted to the panel, the RBI reportedly said prohibition remained a recognized policy option and recommended preventing the use of crypto in payments and settlements while restricting banking-sector exposure. Read more