The crypto industry has applauded a final EU vote on the landmark licensing law MiCA – but it's not over yet. jackschickler reports.
Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.
For Antoni Trenchev, Chief Executive Officer of Nexo, the approval shows that the “crypto industry has finally had this affirmation,” adding in an emailed statement that “MiCA makes Europe fit for the digital age and will foster innovation and fair competition.” The crypto lender last year announced it would cease U.S. business, saying that talks with regulators there had reached aOptimism about MiCA’s impact seems to be matched in the traditional financial sector.
The key question now is how companies will prepare. While the outlines of the law have been known for some time, there’s also a 12-18 month transition period that will start ticking in June or July, and getting ready will be a bigger task for some than others, according to Bitstamp’s John Ehlers. “There are now clear rules of the game for crypto exchanges to operate in the EU,” Binance’s Chief Executive Officer
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What’s next for EU’s crypto industry as European Parliament passes MiCA?MiCA could make the EU more competitive and open up the unified market to crypto and blockchain businesses.
Read more »
The European Parliament adopts crypto-focused MiCA legislationTwice delayed, the final vote on MiCa in European Parliament has passed today. The first pan-European regulation was adopted by the Parliament.
Read more »
Is Europe’s MiCA a Template for Global Crypto Regulation?'Europe has a good chance to export MiCA, albeit with a time lag. But the combination of this time lag and the bear market may in the meantime expose companies to erratic regulators, and consumers to unstable businesses,' says deamarkova. Opinion.
Read more »
Crypto exchange BitGet seals Lithuanian crypto registrationCryptocurrency derivatives exchange BitGet secures license to operate in Lithuania.
Read more »
Coinbase secures Bermuda license, and EU approves framework for crypto regulation: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Circle's Chief Strategy Officer Dante Disparte explains how stablecoins could replace collapsed banks like Silvergate and Signature.
Read more »
Ripple Executive Praises EU's Forward-Thinking Approach to CryptoThe European Union has taken a significant step toward creating a crypto-friendly environment, and Ripple executive Susan Friedman has praised the recent passage of the Markets in Crypto-Assets (MiCA) legislation
Read more »