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.
Denmark's financial authority ordered Saxo bank to sell its cryptocurrency holdings after asserting that it did not constitute a legitimate business activity for a financial institution.
The European Banking Authority believes that stablecoins can exist and innovate responsibly, alongside CBDCs and other payment devices, subject to the implementation of some sensible guardrails.
Monerium EURe users can now transfer money between their Safe smart wallet and their traditional bank account with ease, further closing the divide between digital and traditional banking.
Monerium EURe users can now transfer money between their Safe smart wallet and their traditional bank account with ease, further closing the divide between digital and traditional banking.
Denmark's financial authority ordered Saxo bank to sell its cryptocurrency holdings after asserting that it did not constitute a legitimate business activity for a financial institution.
The European Banking Authority believes that stablecoins can exist and innovate responsibly, alongside CBDCs and other payment devices, subject to the implementation of some sensible guardrails.
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.
