Cryptocurrency Analysis and News Portal
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
Read More
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
Read More
On April 20, the European Parliament voted to pass the Markets in Crypto-Assets (MiCA) regulation, the European Union’s main legislative proposal to oversee the crypto industry in its member countries. The MiCA regulation is a significant development for the crypto industry in the European Union. Prior to MiCA, crypto companies had
Read More
After two consecutive delays, the European Parliament has finally conducted the final vote on the Markets in Crypto-Assets Act, known as MiCA. Now the legislation, introduced for the first time in 2020, should grant approval from the European Council to be published as an effective regulation. On April 20, immediately after
Read More
The Markets in Crypto Assets regulation was first proposed by the European Commission in 2020, and to pass into law has to be approved by the parliament and the EU’s Council, which represents the bloc’s member states. Its main provisions start to apply just over 12 months after publication in
Read More
“As we've seen in recent months, stringent rules and supervision are very much needed,” the European Commission’s Mairead McGuinness said, citing the collapse of crypto companies FTX, Celsius, Voyager, and the stablecoin terraUSD, and referring to provisions intended to protect consumers, avoid market abuse, and curb money laundering. Source
Read More
Payward Europe Solutions, an Irish subsidiary of Kraken registered in Dublin, was awarded virtual asset service provider (VASP) authorization from the Central Bank of Ireland on April 18. We’re pleased to announce that Kraken has successfully registered with the Central Bank of Ireland (CBI) as a Virtual Asset Service Provider
Read More
In October 2022, the European Union finalized the text of its regulatory framework called Markets in Crypto-Assets or MiCA. The final vote on the new regulation is scheduled for April 19, 2023, meaning the days of an unregulated crypto market in the EU may soon be over. The MiCA regulations
Read More
After months of drafting and translation, and several delays, the deadline for proposing further changes to the MiCA text has now expired, and documents now published by the parliament imply the agreed changes are the only ones that will be put up for discussion. Previously strong support for the law
Read More
“A crypto asset service provider, a CASP, will be a brand in the European Union… a kind of stamp of approval of the sector,” Rok Žvelc, a European Commission staffer who formed part of MiCA’s drafting team, told a Brussels event on March 30. “Investors will know that if they
Read More