MiCA (Markets in Crypto-Assets) is a European Union regulatory framework aimed at creating clear rules for the use and issuance of cryptocurrencies across member states.
MiCA
MiCA (Markets in Crypto-Assets) is a European Union regulatory framework aimed at creating clear rules for the use and issuance of cryptocurrencies across member states.
While the EU's upcoming Markets in Crypto Assets Regulation (MiCA) will primarily address stablecoins, additional EU-level proposals to further legislate the NFT market and DeFi products may soon be in the works.
The European Union's upcoming MiCA Regulation is set to impose strict requirements on stablecoins, and issuers will be required to meet a range of criteria to ensure compliance. MiCA has two categories for stablecoins, so close in their definitions, that distinctions are difficult to spot.
While the EU's upcoming Markets in Crypto Assets Regulation (MiCA) will primarily address stablecoins, additional EU-level proposals to further legislate the NFT market and DeFi products may soon be in the works.
The European Union's upcoming MiCA Regulation is set to impose strict requirements on stablecoins, and issuers will be required to meet a range of criteria to ensure compliance. MiCA has two categories for stablecoins, so close in their definitions, that distinctions are difficult to spot.
The European Parliament has released a legal draft that confirms the implementation of strict rules for European banks' involvement with crypto assets. Under the proposed rules, crypto assets would be treated as the riskiest type of asset.
Those waiting for the European Union’s long-anticipated regulation for Markets in Crypto-assets (MiCA), have recently heard that their wait would now extend to April 2023.
European Parliament Vice-President Eva Kaili, known for her active role in promoting the Markets in Crypto Assets (MiCa) regulations was charged and imprisoned in Belgium, amid a police investigation into alleged corruption linked with Qatar.
The Digital Operational Resilience Act (DORA), a landmark legislation focused on the Information and Communication Technology (ICT) operational resiliency for financial entities was adopted on 28th of November
The AML/CFT regulations are now applicable to Crypto Asset Service Providers (CASP) that include crypto exchanges, crypto wallets and transfer services as well as crypto asset issuers
