While the regulation is a significant step toward a more mature industry, it also seeks to identify the “weak points of control” in the crypto space, which could mean more scrutiny for retail investors and the end-users of crypto platforms, according to Dmitrij Radin, the founder of Zekret and chief technology officer of Fideum, a regulatory and blockchain infrastructure firm focused on institutions.“Retail users will be way more obligated to provide information, data which will be screened.
Related: EU MiCA rules pose ‘systemic’ banking risks for stablecoins — Tether CEOEurope’s MiCA poses overregulation concernsWhile MiCA is widely viewed as a positive step for global crypto regulation, some industry experts worry about potential regulatory overreach that could impact retail investors and drive crypto firms out of Europe.
Deutsche Boerse’s trading unit also aims to launch support for other cryptocurrencies and diversified services such as staking, lending and brokerage capabilities.“With this offering, we are creating a one-stop shop around custody, brokerage and settlement,” Jens Hachmeister, head of issuer services and new digital markets at Clearstream, told Bloomberg.
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Author / Journalist: Cointelegraph by Zoltan Vardai
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