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Europe is “showing us with Web3 they're ahead of the game of the United States,” despite the European Union’s stumbles on previous internet technology, McHenry said. “That should send chills up the spines of Americans, because economic growth comes out of that technology ingenuity.” Source
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EU countries are making the transition to a tough new crypto regime set by Brussels. Source
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This week, the crypto industry was largely dominated by regulatory developments. Industry leaders continued to express concerns about the regulatory climate in the United States, with some firms contemplating migrating in response to the Securities and Exchange Commission’s (SEC)crackdown. In contrast, the European Union had more clarity, as the parliament
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ukraine has announced its commitment to adopt the European Union’s new regulation on Markets in Crypto-assets (MiCA) which aims to provide a clear and comprehensive legal framework for the European crypto industry. The European Parliament approved MiCA
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Final details of the law should “ensure consistent MiCA implementation across member states, especially at the licensing stage, to ensure a level-playing field and avoid regulatory arbitrage,” as well as making smooth transition from existing national regimes, said Mark Jennings, Kraken’s Head of European Operations, in an email sent ahead
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The European Parliament has approved the Markets in Crypto-Assets {MiCA} law surrounding crypto transactions with overwhelming support. This makes the E.U. the first major jurisdiction in the world to introduce comprehensive crypto guidelines. MiCA regulations approved EU lawmakers on
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Though a crypto-focused regulatory framework still needs approval from the European Council before final passage, many in the space have reacted positively to the Markets in Crypto Assets, or MiCA, bill moving forward.On April 20, the European Parliament voted to pass MiCA after two delays starting in November 2022. The
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Why the EU Has MiCA and the U.S. Has Securities Law Confusion Original Source
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Formally enacted today, the EU’s Markets in Crypto-Assets Regulation is the most comprehensive framework of its kind. How will it influence how non-EU states regulate digital assets? Original Source
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While the EU is in the final stages of making MiCA a reality and hence fosters a more defined market participation, the industry has been fussing around the laid-back approach of the US in relation to floating similar rules. The European Union (EU) has now broken the record of being the
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