Quantcast
UK retail sales fall to two-year low as inflation-hit consumers cut spending
Europe needs its own SEC, says Christine Lagarde
Singapore opens the door to a shrinking market
Macron argues against 'punitive' AI regulation
A Chypre, un conglomérat de cybersurveillance entre opacité juridique et optimisation fiscale
L'échange d'infos fiscales crypto automatisé dans 47 pays en 2027 - Coins.fr
CoinShares prend une option sur Valkyrie et son ETF Bitcoin spot - Coins.fr
Binance : Une responsable de la lutte anti-terrorisme quitte le navire à son tour
Bitnovo devient la première société crypto espagnole autorisée à opérer en France
Après un discours maladroit, Gary Gensler (SEC) se fait tacler par l’avocat de Ripple (XRP)
Fallen Crypto Star Do Kwon Loses Appeal on Fake-Passport Conviction
Commerzbank décroche une licence de crypto-custody en Allemagne - Coins.fr
Officiel : BlackRock fait sa demande d’ETF Ethereum au comptant auprès de la SEC
Les géants Microsoft et Tencent rejoignent le réseau décentralisé de ConsenSys
Circle Ventures investit sur la blockchain Sei pour élargir l’écosystème de son USDC
Paxos prévoit de lancer un nouveau stablecoin sur le dollar à Singapour
New York Updates Crypto Exchange Listing Rules: No Self-Certification Permitted
Philippines Pilots Tokenized Treasuries Amid Real-World Asset on Blockchain Boom in Asia
Le Paris Saint-Germain lance une collection de NFT assez spéciale avec Blvck
Bear Market : ces entreprises crypto qui défient les lois de la gravité
EXCLUSIF. En difficulté, Sismo pourrait bientôt s'arrêter
Avec Ordinals, la folie des NFT et des meme coins gagne Bitcoin
U.K. Inflation Drops Sharply, Likely Ending Rate Hikes
JP Morgan explore la tokenisation dans les portefeuilles d'investissement
FMI : vous ne posséderez plus de cash, mais seulement des MNBC
USA : La SEC a connu une année « productive » contre les cryptos
Turkey to Focus New Crypto Rules on Tighter KYC at Exchanges
Prominent Crypto Trader Issues Warning About Cold Wallet Scam
Ethereum : l'idée controversée de Vitalik Buterin pour faire baisser les frais
Rise in French unemployment delivers setback for Emmanuel Macron

European Crypto Initiative Team said: MiCA is 'critical... to regulate the rapidly evolving crypto-asset market with the EU.'

Policy
Webp untitled design 10
European Crypto Initiative | https://eu.ci/team/

The European Crypto Initiative (EUCI), a blockchain advocacy group, said that the MiCA Regulation aims to create a harmonized regulatory framework for crypto-assets. EUCI shared their statement on a September 6th post on X.

"The MiCa Regulation proposed by the European Commission represents a critical legislative initiative to regulate the rapidly evolving crypto-asset market within the European Union (EU," said European Crypto Initiative Team. "As part of the broader Digital Finance Package, MiCA's primary objective is to create a comprehensive and harmonized regulatory framework that fosters innovation, ensures legal certainty, and addresses the risks associated with crypto assets. This initiative aligns with the EU's broader goals of embracing digital transformation and building a resilient, future-ready economy that works for all citizens and business across its member states."

According to the European Crypto Initiative, they released a comprehensive overview of Markets in Crypto-Assets' (MiCA) significance and objectives, outlining its legal certainty, innovation and competitiveness, consumer and investor protection, and financial stability and market integrity. The overview said that MiCA regulation will become fully applicable across the European Union by December 2024, marking the first comprehensive regulatory framework for crypto-assets within the EU, focusing on stablecoins, market transparency, and consumer protection.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

According to a release by Elliptic, the EU’s new Markets in Crypto-Assets regulations took effect on June 30 for all stablecoin issuers, ushering in "a new era of regulatory oversight for innovators in the Crypto space." This new rule states that "issuers must now obtain approval from relevant members of state authorities before offering their tokens within the EU or when offering stablecoins pegged to the euro or other member state currency."

The framework and legal clarity of the Markets in Crypto-Assets (MiCA) regulations have attracted the European Union’s largest banks to enter into the crypto industry. According to a report by Cointelegraph, Bitpanda Deputy CEO Lukas Enzersdorfer-Konrad said: "European banks are moving into crypto as an asset class and tokenization technology because MiCA, the upcoming regulatory framework for Europe, is suddenly bringing full clarity for banks."

"The European Crypto Initiative (EUCI) is a group that "aims to shape EU regulation to favor open, permissionless, decentralized applications leveraging blockchain technology while advocating for an innovative EU environment, supporting technological development for SMEs and innovative Crypto Assets Service Providers," according to their website. The EUCI team is composed of leaders from countries over Europe that make sure "that at the national level, the voices of the crypto companies are being heard. We bring years of experience in the blockchain space and are uniquely positioned to understand the complex technical component and the challenges it brings to the centrally designed regulation framework."

More News

Matt Law, Chief Commercial Officer at Outlier Ventures, said that it would not "surprise" him if many people embrace "more efficient," cost-effective systems like tokenization to gain the "same user benefit."

Nov 16, 2024

John Patrick Mullin, CEO of MANTRA, said that Larry Fink’s public endorsement of tokenization has accelerated its adoption at both "startup" and "institutional" levels, though less so in "retail" blockchain use.

Nov 16, 2024

Bruce Pon, co-founder and CEO of Ocean Protocol, said that the combination of "AI and blockchain" unlocks significant "potential" for new entrepreneurial opportunities and substantial value creation.

Nov 14, 2024

Irina Heaver, a crypto lawyer at NeosLegal, emphasized the importance of user education in the cryptocurrency sector.

Nov 14, 2024

Richard Teng, CEO of Binance, said that cryptocurrency is in the "early stage of adoption" globally, although major institutions are beginning to embrace blockchain and crypto agendas.

Nov 12, 2024

De Nederlandsche Bank (DNB) has announced a €2,250,000 fine for Bybit Fintech Limited.

Nov 12, 2024