The EU's MiCA regulation is setting new standards for crypto in Europe. What do you need to know?
Key points:
- Transparency: Issuers/traders must meet strict disclosure rules.
- Authorisation: Crypto providers need regulatory approval.
- Consumer Protection: Stronger rules to protect users.
Timeline Updates:
June 30, 2024: Rules for stablecoins (asset-referenced and e-money tokens) went into effect.
December 30, 2024: Broader rules for all crypto providers begin.
July 2026: Full compliance across the EU after an 18-month transition period.
MiCA aims to enhance market integrity, safeguard consumers, and encourage innovation in digital finance.
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