Cryptocurrency Q&A
What is the EU's cryptocurrency regulation?
What is the EU's cryptocurrency regulation?
Elena
Wed Jul 10 2024
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7 answers
1850
Could you elaborate on the current state of the European Union's (EU) cryptocurrency regulation? I'm particularly interested in understanding how the EU approaches the oversight and regulation of digital currencies. Are there any specific frameworks or directives that govern the space? Are there any plans for further harmonization across member states? How does the EU view cryptocurrencies in terms of their potential risks and benefits? And finally, how does the EU's approach compare to other major jurisdictions like the United States or China?
7 answers
GwanghwamunGuardianAngel
Fri Jul 12 2024
Cryptocurrency regulation in the European Union reached a significant milestone in May 2023, as the region introduced the world's first comprehensive framework, dubbed the Markets in Crypto-Assets Regulation (MiCA).
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Tommaso
Fri Jul 12 2024
This regulation aims to provide a harmonized approach to the supervision of crypto-assets across the European Union, ensuring consumer protection and market integrity.
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CryptoVeteran
Fri Jul 12 2024
The European Security and Markets Authority (ESMA) is a key player in this process, overseeing the consultation phase with the public on various measures outlined in MiCA.
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Claudio
Fri Jul 12 2024
ESMA's consultation process seeks to gather feedback from stakeholders, including investors, market participants, and consumer groups, to ensure the regulation addresses their concerns effectively.
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KatieAnderson
Thu Jul 11 2024
The proposed measures cover a wide range of crypto-asset activities, including initial coin offerings, trading platforms, and custodial wallet services.
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