The EU attempts to control the crypto market with new MiCA regulations | Crypto

The EU attempts to control the crypto market with new MiCA regulations

The EU is pushing for a global regulatory framework for crypto, called “MiCA”.
-The key points of MiCA are eurocentrism (only EU-based firms can be approved as CASPs or e-money token issuers, and trading volume limits are unrealistic), protectionism (CASPS and e-money token issuers must use euro-denominated trading pairs, and Germany is planning to tighten EU directives for non-German banks), and the threat of challenges to the euro from the crypto space.
-This protectionist approach is likely to be the bills undoing, as it will deter firms from operating in the EU.

crypto european union reg The EU attempts to control the crypto market with new MiCA regulations

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