euro ink.jpeg.optimal New Crypto Regulations to be Finalized by EU Regulators by End of Month

New Crypto Regulations to be Finalized by EU Regulators by End of Month

– The European Union (EU) will take major strides in regulating the crypto industry when it finalizes two major crypto-focused regulations by the end of the month.
– The regulations in question are Markets in Crypto-Assets (MiCA) and Transfer of Funds Regulation (TFR).
– MiCa is the comprehensive bill designed to regulate most of the crypto industry activities among EU states.
– The final meeting between the three main EU institutions on the bill will take place on June 30.
– According to Hansen, discussions will include whether non-fungible tokens should be within the scope of MiCA.
– The likely compromise is that NFT issuers would be exempted. But the companies providing services for third-party NFTs will be within the scope of regulation.
– Additionally, there will be talks about stablecoins which have become a burning issue since the crash of Terra.
– Although the main aspects have been finalized, there are still a few open aspects.
– For the TFR, there are still several open topics and negotiations are expected to be contentious.

 

 

euro ink.jpeg.optimal New Crypto Regulations to be Finalized by EU Regulators by End of Month
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