Tag: authentication

The post Biometric Blockchain Platform Serenity Clears MiCA Registration as Europe’s Regulatory Wall Locks Out Hundreds appeared com. As dozens of firms secure coveted EU crypto registrations and hundreds remain locked out, Serenity biometric platform joins the regulatory winners’ circle. In the seven months since Europe’s Markets in Crypto-Assets (MiCA) regulation took full effect, the battlefield has become brutally clear: you’re either registered, or you’re out. By July 2025, just 53 entities had secured full MiCA authorizations-14 e-money token (EMT) issuers and 39 crypto-asset service providers (CASPs) across the entire European Union. Over 120 enforcement actions had targeted non-compliant projects. More than 250 crypto startups postponed European launches due to regulatory delays. And Tether, the world’s largest stablecoin, was delisted from major EU exchanges for failing to meet reserve requirements. Now, Serenity-a Dubai-based biometric authentication and tokenization infrastructure company-has secured white paper notification through the Malta Financial Services Authority (MFSA) and publication in the ESMA Interim MiCA Register. The achievement positions Serenity’s ERSH token among the first wave of projects to complete MiCA’s notification process. White Paper Notification vs. Full Authorization: What Serenity Actually Achieved Here’s what matters: Serenity didn’t need a license. And that’s precisely the point. Under MiCA Title II, offerors of “Other Crypto-Assets” (OCAs)-tokens that aren’t stablecoins or asset-referenced tokens-must notify their white paper to competent authorities at least 20 working days before publication. The authority has five working days to review for completeness. But crucially, no prior approval is required. Once notified, the white paper can be published on the issuer’s website, and the token can be lawfully offered across all 27 EU member states. The notification is then recorded in ESMA’s central register, creating a public record of compliance. This differs dramatically from the authorization required for CASPs (crypto-asset service providers), which face extensive capital requirements, ongoing supervision, and multi-month application processes. It also differs from Asset-Referenced Tokens (ARTs), which require prior approval of.