HomeNewsThe EU completes the MiCA's cryptocurrency legislation.

The EU completes the MiCA’s cryptocurrency legislation.

-

The whole language of the European Union’s Crypto Asset Markets (MiCA) regulation has been approved. The text is still formally open. These rules may be applicable to specific assets, including non-fungible tokens (NFTs).

Once approved, the MiCA Act would mandate that stablecoin issuers have capital and are wisely managed, that platforms register with authorities, and that issuers of digital assets disclose technological roadmaps.

The updated version of the proposal also includes revisions that may show how the EU would approach algorithmic stablecoins, which were notably left out of the MiCA’s purview when it was initially presented in 2020.

Concerns throughout the industry, especially for NFTs, have been expressed about the specifics of these regulations. Depending on how the regulation is written, it may or may not apply to trading platforms, issuers, and the majority of the NFT industry.

Leave a Reply

LATEST POSTS

The SEC is carrying the wrong cards as a court decision over Ripple approaches.

The US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, and it appears that the case is developing. The deadline for both parties...

Terra Classic (LUNC) Do Kwon has left Singapore on the run ?

Contrary to the prevailing downward trend, Terra Classic is one of the few blockchains that may demonstrate a profit right now. Do Kwon, a co-founder of...

Us Treasury Sanctions Iran-based Cybercriminals.

New Bitcoin Addresses are Blacklisted by OFAC In the USA, Bitcoin addresses are not welcome. In accordance with a statement dated September 14, the crypto addresses...

An ether-based digital currency is released by the first central bank.

Numerous organizations from all over the world have been working on the creation of a central bank digital currency (CBDC) for a very long time,...

Follow us

0FansLike
3,506FollowersFollow
0SubscribersSubscribe

Most Popular

spot_img
%d bloggers like this: