HomeCoinsBitcoin (BTC)EU Agrees On Crypto MiCA Bill Text - Bitcoin Magazine

EU Agrees On Crypto MiCA Bill Text – Bitcoin Magazine

- Advertisement -



The European Union (EU) has agreed on a legal framework for bitcoin and cryptocurrencies known as Markets in Crypto Asset Regulation (MiCA), per a report from CoinDesk.

The bill was signed off by members of the EU Council on Wednesday and consists of a regulatory framework previously established in June, which reportedly received no further development since then.

MiCA establishes licensing requirements for exchanges and wallet providers across the 27 member countries of the EU, including a need for checking user identity. Additionally, the legislation imposes capital requirements for the aforementioned service providers. The capital requirements are expected to prevent depegging events such as was seen with the downfall of the Terra ecosystem, as well as preventing other major liquidity issues.

First published here

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,580FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 17,274.44
ethereum
Ethereum (ETH) $ 1,288.11
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 112.01
litecoin
Litecoin (LTC) $ 77.40
eos
EOS (EOS) $ 1.00
okb
OKB (OKB) $ 20.99
tezos
Tezos (XTZ) $ 1.00
leo-token
LEO Token (LEO) $ 3.81
cardano
Cardano (ADA) $ 0.315547
monero
Monero (XMR) $ 147.43
stellar
Stellar (XLM) $ 0.085684
chainlink
Chainlink (LINK) $ 7.06
huobi-token
Huobi (HT) $ 6.55
tron
TRON (TRX) $ 0.054055
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 45.01
neo
NEO (NEO) $ 7.08
iota
IOTA (MIOTA) $ 0.207651
nem
NEM (XEM) $ 0.032732
zcash
Zcash (ZEC) $ 45.02
maker
Maker (MKR) $ 625.69
paxos-standard
Pax Dollar (USDP) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 19.17
vechain
VeChain (VET) $ 0.019093
true-usd
TrueUSD (TUSD) $ 1.00
kucoin-shares
KuCoin (KCS) $ 6.59
waves
Waves (WAVES) $ 2.09