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European Blockchain Convention announces key insights from MiCA panel discussion

Conferences
Webp mir
Daniel Salmerón Mir, co-CEO & co-Founder of the European Blockchain Convention | European Blockchain Convention

The European Blockchain Convention (EBC) has announced insights from a panel discussion on the Markets in Crypto-Assets Regulation (MiCA) at its tenth convention, #EBC10. The event featured industry experts discussing MiCA's potential to position the European Union as a global leader in the cryptocurrency sector. This announcement was shared in an October 9 post on X.

The EBC 10 took place on September 25-26 in Barcelona, Spain, as noted on their X profile. Speakers from across the cryptocurrency industry gathered to discuss various topics, including Europe's MiCA regulations and their potential impact. The EBC said that MiCA could position the EU as a "global leader in the crypto space."

Elliptic reported that the EU's new Markets in Crypto-Assets regulations came into effect on June 30 for all stablecoin issuers, marking "a new era of regulatory oversight for innovators in the Crypto space." The regulation requires issuers to obtain approval from relevant state authorities before offering their tokens within the EU or when offering stablecoins pegged to the euro or other member state currencies.


European Blockchain Convention post | X

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The European Commission expressed its ambition for the EU to lead in blockchain technology, aiming to become an innovator and home to significant platforms, applications, and companies. The Commission is a strong supporter of policy, legal and regulatory frameworks, and funding initiatives related to blockchain in Europe.

According to its website, the European Blockchain Convention is described as "the most influential blockchain event in Europe," attracting over 6,000 attendees, 3,000 speakers, and 200 sponsors with a media reach of 10 million. It encompasses various industries specializing in digital assets and finance, Web3 infrastructure, policy-making, and blockchain enterprise. This year's EBC 10 was held from September 25-26 in Barcelona.

The EBC was established to advance the blockchain industry within Europe. Since its inception in 2018 in Barcelona, it has brought together thousands of participants, including top speakers and startups from the blockchain and crypto sectors.

Organizations Included in this History
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On November 14, the European Banking Authority (EBA) released comprehensive guidelines for Payment Service Providers (PSPs) and Crypto-Asset Service Providers (CASPs) to ensure alignment with European Union (EU) and national restrictive measures. These guidelines aim to reduce risks and strengthen compliance when transferring funds or crypto assets.

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The UK government is set to introduce new cryptocurrency regulations aimed at countering the growing appeal of the United States as a destination for crypto businesses. In response to concerns of regulatory delays following Brexit, the legislation focuses on establishing a clearer framework for stablecoins and staking activities, with the goal of strengthening the UK’s position as a global hub for digital assets.

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OpenAI, the world’s largest artificial intelligence company, has announced it will establish a new base in Paris.

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On October 30, UK Chancellor Rachel Reeves announced a capital gains tax (CGT) rate increase for high-income individuals, raising it to 24%. This change has raised concerns in the cryptocurrency community, where some investors fear that increased tax and regulatory pressures will diminish the UK's appeal for digital asset investment.

Nov 20, 2024

On November 6, the UK government issued an updated version of the Property (Digital Assets Etc.) Bill, clarifying its approach to defining digital assets, including crypto tokens, as recognized property under English law. The update aims to provide greater security and clarity for individuals and businesses engaging with digital assets.

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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."

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