French Central Bank Head Wants Crypto Licensing Ahead of MiCA Standards: Bloomberg
The current turmoil in the crypto markets shows the need for such requirements as soon as possible, the banking chief said. Source
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MiCA
EU Parliament to ‘Vote on Adopting the Regulation on MiCA’ — Expert Says Industry Needs Legal Clarity – Regulation Bitcoin News
In a recent statement, the European Parliament said its members would shortly “vote on adopting the regulation on markets in crypto-assets (MiCA).” According to the parliamentary body’s think tank, the envisaged regulations are expected to provide “legal certainty for crypto-assets not covered by existing EU legislation.” A crypto counselor, Paulius
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EU’s MiCA Law May Have an FTX-Shaped Loophole
MiCA broadly allows the practice, but, compared to other EU financial service laws, includes stronger powers for supervisors to stop solicitation being abused - including an ad ban for unauthorized products. However, the detailed ground rules need to be set by the European Securities and Markets Authority (ESMA), which has
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EU’s MiCA Crypto Law Would Have Stopped FTX’s Malpractice, Officials Say
“I wouldn’t comment on individual cases, but generally speaking, the industry has many signs of weaknesses across all key functions,” said Steffen Kern, head of ESMA’s risk analysis and economics department, citing poor management and failures to segregate client funds. “MiCA, had it been in place, would have been extremely
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ECB president reiterates calls for ‘MiCA II’ in response to FTX collapse
Christine Lagarde, president of the European Central Bank, or ECB, has once again called regulation and supervision of crypto an “absolute necessity” for the EU in the wake of the collapse of crypto exchange FTX.At a Nov. 28 hearing of the Committee on Economic and Monetary Affairs of the European
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EU Delays Vote on MiCA Crypto Legislation Until February
The law’s provisions, which require crypto companies such as wallet providers and exchange platforms to seek authorization from national regulators, start to apply between 12 and 18 months after the final law is published in the EU’s Official Journal – an event originally foreseen for spring of next year, but
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MiCA bill contains a clear warning for crypto influencers
The European Union (EU) bill aiming to regulate cryptocurrencies could result in crypto influencers being charged with market manipulation if they fail to disclose potential conflicts of interest.The Markets in Crypto Assets (MiCA) bill, which has been approved by the European Parliament Committee on Economic and Monetary Affairs on Oct.
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What the MiCA Bill Could Mean for the Future of Decentralization
To say regulation will limit innovation is almost redundant now. But the pain point unique to MiCA is the way in which the bill actively shapes the crypto space in future.MiCA is supposedly written with the user in mind, but the wording and sheer amount of text focused around anti-money
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Key EU Parliament Committee Approves MiCA Deal to Regulate Crypto – Regulation Bitcoin News
European Parliament’s economic committee has backed the adoption of the comprehensive Markets in Crypto Assets (MiCA) regulation. It has also supported the introduction of rules for tracing cryptocurrency transfers, part of the latest EU anti-money laundering push. European Union’s MiCA Crypto Law Passes Another Hurdle Before Final Adoption The European Parliament Committee
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Lawmakers Overwhelmingly Back EU’s MiCA Crypto Law in Committee Vote
The European crypto industry has broadly welcomed the regulatory recognition, even if there are some qualms over the restrictions it places on the use of stablecoins, crypto assets that seek to maintain their value with respect to fiat currencies, as well over uncertainties about whether the rules will apply to
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