EUROPE’S MICA LAW IS MOTION, BUT CAN THE CRYPTO INDUSTRY KEEP UP?
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✍️ The European Union's Markets in Crypto-Assets regulation (MiCA) is in its implementation phase, aiming to unify crypto regulation across EU member states. However, some companies are refusing to comply, particularly with stablecoin regulations.
👉 MiCA aims to unify crypto regulation across EU member states 👉 Stablecoin issuers must be authorized in the EU and publish a regulator-approved white paper 👉 Strict rules around asset reserves, governance, conflict of interest, and marketing apply 👉 Issuers are banned from offering interest on tokens 👉 Tether has announced it won't seek MiCA compliance, while BitGo has secured a MiCA-aligned license
-- #PaoloArdoino #GarethJenkinson #BrettReeves #ErwinVoloder #Europe #Germany #technology
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