EU prepares for crypto leap of faith

Quick Summary:

Last month US group Paxos announced the creation of Lift, a stablecoin pegged to the US dollar that will offer holders a yield and which will be regulated out of Abu Dhabi.

This week Swarm Markets, a Berlin-based crypto group, said it would begin trading gold, but with a twist.

But on the eve of its grand entrance, MiCAR already looks dated and is likely to deter innovation and restrict EU citizens and companies from using products available elsewhere in the world, say critics.

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Article Details

Author / Journalist: Philip Stafford

Category: MarketsFinanceInvesting

Markets: United StatesFrance

Topics: Newsletter Markets Other Financial Micar Stablecoin Regulation Eu’s Digital Crypto Tokens

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-28 @ 12:00:27 (2 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 1071 words

Reading Time: 6 minutes read

Sentences: 53 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 21409696

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 2 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 17 hours ago

Coverage Areas: United States

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Publisher ID: #3

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