MiCA Is Live: How New EU Regulation Will Affect The Global Crypto Market

Quick Summary:

The entry into force of the Markets in Crypto-Assets (MiCA) regulation on June 30 means significant changes for the crypto market in the EU.

From the beginning of July, crypto exchanges and stablecoin issuers will operate in the EU according to the rules provided for by the MiCA law.

Companies will have to provide full disclosure to customers, present a public business model, establish an effective governance system, including risk management, register with the European Banking Authority (EBA), establish a buyback mechanism, and have sufficient reserves.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: India

Topics: EU Regulation Affect MiCA Live News New Latest News Global Crypto Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-30 @ 19:32:20 (4 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 785 words

Reading Time: 5 minutes read

Sentences: 44 lines

Sentence Length: 18 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 21430328

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Official Website: bitcoinworld.co.in

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News Last Updated: 13 hours ago

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