Cumbersome but not a threat: How new EU legislation may affect stablecoins
Besides the strict requirements for stablecoin issuers, there are other areas of concern in the upcoming EU regulation.< /p>
Analysis
The year 2022 has seen not only drastic declines in major cryptocurrencies and financial markets in general, but also major legislative frameworks for crypto in leading jurisdictions. And while the “Crypto Bill”, co-sponsored by US Senators Cynthia Lummis and Kirsten Gillibrand, still has some way to go, its European counterpart, the Markets in Crypto-Assets (MiCA), has finally taken the plunge. tripartite negotiations. .
On June 30, Stefan Berger, Member of the European Parliament and rapporteur for the MiCA Regulation, revealed that a "balanced" agreement had been reached, making the European Union the first continent to regulate crypto-assets. Is the deal really "balanced" and how might it affect crypto in general and some of its most important sectors in particular?
No direct ban, but stricter controlThe industry greeted MiCA's latest project with a mixed response: the cautious optimism of some experts was
Besides the strict requirements for stablecoin issuers, there are other areas of concern in the upcoming EU regulation.< /p>
Analysis
The year 2022 has seen not only drastic declines in major cryptocurrencies and financial markets in general, but also major legislative frameworks for crypto in leading jurisdictions. And while the “Crypto Bill”, co-sponsored by US Senators Cynthia Lummis and Kirsten Gillibrand, still has some way to go, its European counterpart, the Markets in Crypto-Assets (MiCA), has finally taken the plunge. tripartite negotiations. .
On June 30, Stefan Berger, Member of the European Parliament and rapporteur for the MiCA Regulation, revealed that a "balanced" agreement had been reached, making the European Union the first continent to regulate crypto-assets. Is the deal really "balanced" and how might it affect crypto in general and some of its most important sectors in particular?
No direct ban, but stricter controlThe industry greeted MiCA's latest project with a mixed response: the cautious optimism of some experts was
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