#btcnextmove European Union:

MiCA Implementation: The Markets in Crypto-Assets (MiCA) regulation, approved by the EU Parliament, is set to be fully applied by December 2024. MiCA aims to provide a comprehensive regulatory framework for crypto assets, ensuring legal certainty and consumer protection across EU member states.

Crypto-Asset Reporting Framework (CARF): The EU has adopted the Crypto-Asset Reporting Framework, effective January 1, 2026, requiring cryptocurrency exchanges and related entities to report on EU residents' activities, even if operating outside the EU. This initiative seeks to enhance transparency and combat financial crimes associated with digital assets.

United Kingdom:

Regulatory Consultations: The Financial Conduct Authority (FCA) has released a discussion paper seeking industry feedback to develop a balanced regulatory framework for digital assets. Crypto industry leaders have emphasized the need for clearer regulations to foster growth while ensuring consumer protection.

Hong Kong:

Licensing Expansion: The Securities and Futures Commission has approved four additional cryptocurrency exchanges, bringing the total to seven. This move is part of Hong Kong's strategy to establish itself as a global hub for digital asset trading, promoting a regulated environment to attract both institutional and retail investors.