Tag: MiCA

OKX has announced Malta as the hub for its Markets in Crypto-Assets (MiCA) to align with its plans to become the industry-leading exchange in the European Union (EU). According to a press release published today, Thursday, July 18, 2024, the crypto exchange chose the country because of its stringent regulatory ...

The French financial regulatory body, the Autorité des marchés financiers (AMF), has introduced significant revisions to the country's existing cryptocurrency regulations. These updated rules will impose more stringent registration criteria on cryptocurrency companies seeking licenses. In a blog post published on August 9, 2023, the AMF unveiled a series of ...

The Association for Financial Markets in Europe (AFME) has urged regulators to avoid excluding decentralized finance (DeFi) rules from the newly adopted Markets in Crypto-Assets (MiCA) regulatory framework. The AFME recently published a study titled "Decentralised Finance - Principles for Building a Robust Digital Economy." In the study, they warned ...

The European Union's Markets in Crypto-Assets (MiCA) Regulation, designed to establish a consistent regulatory framework for crypto assets across member states, has been published in the Official Journal of the European Union (OJEU) on June 9, 2023. The regulations were initially introduced in 2020 and ratified on May 31, 2023. ...

The European Systemic Risk Board (ESRB) issued a set of recommendations on May 25, 2023, aimed at preventing potential shocks in the crypto sector from endangering financial stability in the European Union (EU).  ESRB's recommendations include implementing rules for investment funds, exchanges, and other businesses dealing with cryptoassets, as well ...

The Economic and Financial Affairs Council of the European Union granted final approval to the Markets in Crypto-Assets (MiCA) legislation on May 16, 2023, following unanimous support from the finance ministers of all 27 member states. In addition to the approval of MiCA, the European Council also approved two other ...

Estonia's recent amendments to its anti-money laundering (AML) laws have resulted over 300 virtual asset service providers (VASPs) either ceasing operations or have their licenses revoked. The amended laws included the adoption of the Financial Action Task Force Travel Rule, which broadened the definition of VASPs, increased information reporting requirements, ...

The European Parliament has approved the first set of EU regulations called Markets in Crypto Assets (MiCA), designed to prevent money laundering, track transfers of digital assets, and address customer protection and supervision.  According to the statement by the National Security and Stock Market Commission of Ukraine, MiCA will encompass ...

After two consecutive delays, the European Parliament has finally held a final vote on the Markets in Crypto-Assets Act (MiCA). The regulation, originally proposed in 2020, now needs to be approved by the European Council to become an official regulation.  Following the vote on April 20, Stefan Verger, MiCA's rapporteur ...