🗼 What MiCA means for the global crypto industry
The EU vote to introduce the Markets in Cryptocurrency Asset Regulation (MiCA) was a landmark moment in the development of the crypto industry and the emerging Web3. The regulatory landscape has changed, and that’s good for users and the industry. MiCA will bring regulatory clarity to one of the world’s largest markets and make the EU an attractive destination for Web3 innovation.
MiCA also champions decentralization and all the future opportunities it can bring. The discussion on how to regulate decentralized finance (DeFi) and non-fungible tokens (NFTs) has been postponed to a later stage – and that’s the right decision.
The devil, as always, is in the detail: detailed rulemaking will now align with the MiCA ruling and provide further implementation clarity for a rapidly evolving sector. Getting this right will be vital to achieving its goals and the desired regulatory outcomes for both the EU and the industry.
#BERAonBinance #USJoblessClaimsRise #BitcoinWhaleMove #AICrashOrComeback #USBitcoinReserves
