v3 → v4
Scores
trust_score0 → 0
severity_base— → —
score_modifier-15 → -30
Sections
Regulatory Background: MiCA and the CASP Framework
unchanged
ESMA Statements: No Extensions, Orderly Wind-Down Required
unchanged
Scale of Non-Compliance
unchanged
Case Study: AscendEX Collapse (July 2026)
unchanged
MEXC: Warnings, Wind-Down Notice and Alleged Post-Deadline EU Onboarding
unchanged
Binance: Withdrawal of Greek Application and EU Services Suspension
unchanged
Other Major Non-Compliant Operators
unchanged
Circumvention Tactics and Enforcement Gaps
unchanged
Enforcement Powers and Penalty Framework
unchanged
Consumer Risk Factors for EU Users on Non-Compliant Exchanges
unchanged
Stablecoin Market Disruption: USDT Delisted Across the EEA
unchanged
Market Structure Impact and Offshore Migration Risk
unchanged
Authorised Exchanges: Reference Benchmark
unchanged
Timeline events
No timeline changes.
Accepted submissions
No changes to accepted submissions.
Each version is bound to the decision event that created it. Verify the chain anchor for either via the audit log.
v3 hash: 280a88404741d30a0ecd016ff629f73af2f1031a99d001df84abeb0162d7c6cd
v4 hash: 7d0a62aa4979676cb63399f04ee587492765b4eee8c59902d90162373e3eeb67