European legislators are taking decisive action to shape the landscape of the cryptocurrency sector by establishing precise guidelines. The Markets in Crypto-Assets Regulation (MiCA) of the European Union came into effect on June 30, with a specific emphasis on stablecoins. Moreover, come December, further regulations will be introduced for providers of crypto asset services. This all-encompassing framework, which has been under construction since 2020, represents the EU’s initial consolidated collection of regulations governing the crypto asset market.
Europe Takes the Lead as Crypto Trading Volume Soars Projected to Reach 108 Trillion Market by 2024
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