Regulators come for the crypto kings
This year will be remembered as the one in which Europe’s regulators moved in on cryptocurrencies, ushering in the dawn of a newly regulated asset class after a decade-and-a-half of wild experimentation.
The wild child of digital finance is being brought to heel. Brussels, the centre of power in the EU, gave birth to the world’s first piece of formal regulation on crypto in June. Its Markets in Crypto-Assets Regulation (MiCA) aims to provide a framework of “consistent and effective standards” across the bloc.
Crypto issuers will need to: register with authorities; provide complete and transparent information about whatever crypto assets they issue; comply with disclosure and transparency rules; and set up security and anti-money laundering measures.
To continue reading, join our community and benefit from
- In-depth coverage across key markets
- Comments from financial leaders and policymakers worldwide
- Regional/country bank rankings and awards
View subscription options
Author: Jason Rodriguez
Last Updated: 1700061003
Views: 1381
Rating: 3.8 / 5 (54 voted)
Reviews: 95% of readers found this page helpful
Name: Jason Rodriguez
Birthday: 1978-02-02
Address: 15574 Huffman Radial Suite 334, New Josephstad, AK 02755
Phone: +4031140348864022
Job: Marketing Manager
Hobby: Pottery, Video Editing, Gardening, Knitting, Badminton, Tennis, Beer Brewing
Introduction: My name is Jason Rodriguez, I am a esteemed, unyielding, rich, priceless, striking, fearless, ingenious person who loves writing and wants to share my knowledge and understanding with you.