Among #G7 members, Japan already regulates #cryptocurrencies, while the #European #Union’s #Markets in #Crypto-Assets (#MiCA) regulation is set to go into effect in 2024. 

Among #G7 members, Japan already regulates #cryptocurrencies, while the #European #Union’s #Markets in #Crypto-Assets (#MiCA) regulation is set to go into effect in 2024. 

Industry experts and regulators weigh in on the #European #Union’s proposed #MiCA rules at #Paris #Blockchain Week

Regulators and industry players highlighted several implications and potential impacts of the #European #Union’s #Markets in #Crypto-Assets (#MiCA) regulation at the Paris #Blockchain Week 2023.

A panel titled “#MiCA: How is the #EU #Regulating #Crypto?” delved into the proposed MiCA regulation, which is expected to take effect in 2024. 

Industry experts and regulators weigh in on the #European #Union’s proposed #MiCA rules at #Paris #Blockchain Week.

Regulators and industry players highlighted several implications and potential impacts of the #European #Union’s #Markets in #Crypto-Assets (#MiCA) regulation at the Paris #Blockchain Week 2023.

A panel titled “#MiCA: How is the #EU #Regulating #Crypto?” delved into the proposed MiCA regulation, which is expected to take effect in 2024. 

#Gundars #Ostrovskis gave inside insights into the #development of the #MiCA documentation, given his involvement as a team leader in the #Digital #Finance Unit of the #European #Commission.

Working alongside colleagues that drafted the #MiCA regulations, #Ostrovskis highlighted the belief that the legislation would be of benefit to companies and users in the #cryptocurrency ecosystem:

#MiCA has been in development for a couple of years, involving conversations with various countries and #industry players. 

#Ostrovskis highlighted that the implementation of #MiCA would require adjustments in states where regulatory frameworks for the #cryptocurrency #industry already exist.

#Janet Ho, head of #EU policy at #Chainalysis, believes that the success of #MiCA will be dependent on a number of factors. 

Ho suggested that the #European #Commission should review the implementation of obligations, and consider feedback from #government supervisors and #industry participants, and the initial impact of #MiCA.

De #Vauplane also said that newer industry phenomena like nonfungible tokens (#NFTs), and decentralized finance (#DeFi)  #MiCA documentation might well continue to fall under the purview of country-specific laws:

“That means that there is no space for local regulation, which is covered by #MiCA, specifically for the definition of #digital #assets.”

“That means that there is no space for local regulation, which is covered by #MiCA, specifically for the definition of #digital #assets.”

De #Vauplane was particularly concerned about the impact of #MiCA on existing #cryptocurrency and #Web3 regulations in specific countries in the #European Union:

Ho suggested that the #European #Commission should review the implementation of obligations, and consider feedback from #government supervisors and #industry participants, and the initial impact of #MiCA.

#Janet Ho, head of #EU policy at #Chainalysis, believes that the success of #MiCA will be dependent on a number of factors. 

#Ostrovskis highlighted that the implementation of #MiCA would require adjustments in states where regulatory frameworks for the #cryptocurrency #industry already exist.

#MiCA has been in development for a couple of years, involving conversations with various countries and #industry players. 

#Gundars #Ostrovskis gave inside insights into the #development of the #MiCA documentation, given his involvement as a team leader in the #Digital #Finance Unit of the #European #Commission.

#Gundars #Ostrovskis gave inside insights into the #development of the #MiCA documentation, given his involvement as a team leader in the #Digital #Finance Unit of the #European #Commission.

A panel titled “#MiCA: How is the #EU #Regulating #Crypto?” delved into the proposed MiCA regulation, which is expected to take effect in 2024. 

Regulators and industry players highlighted several implications and potential impacts of the #European #Union’s #Markets in #Crypto-Assets (#MiCA) regulation at the Paris #Blockchain Week 2023.

Industry experts and regulators weigh in on the #European #Union’s proposed #MiCA rules at #Paris #Blockchain Week.

Industry experts and regulators weigh in on the #European #Union’s proposed #MiCA rules at #Paris #Blockchain Week.

Regulators and industry players highlighted several implications and potential impacts of the #European #Union’s #Markets in #Crypto-Assets (#MiCA) regulation at the Paris #Blockchain Week 2023.

A panel titled “#MiCA: How is the #EU #Regulating #Crypto?” delved into the proposed MiCA regulation, which is expected to take effect in 2024. 

#Gundars #Ostrovskis gave inside insights into the #development of the #MiCA documentation, given his involvement as a team leader in the #Digital #Finance Unit of the #European #Commission.

Working alongside colleagues that drafted the #MiCA regulations, #Ostrovskis highlighted the belief that the legislation would be of benefit to companies and users in the #cryptocurrency ecosystem:

#MiCA has been in development for a couple of years, involving conversations with various countries and #industry players. 

#Ostrovskis highlighted that the implementation of #MiCA would require adjustments in states where regulatory frameworks for the #cryptocurrency #industry already exist.

#Janet Ho, head of #EU policy at #Chainalysis, believes that the success of #MiCA will be dependent on a number of factors. 

Ho suggested that the #European #Commission should review the implementation of obligations, and consider feedback from #government supervisors and #industry participants, and the initial impact of #MiCA.

De #Vauplane was particularly concerned about the impact of #MiCA on existing #cryptocurrency and #Web3 regulations in specific countries in the #European Union:

“That means that there is no space for local regulation, which is covered by #MiCA, specifically for the definition of #digital #assets.”

A panel titled “#MiCA: How is the #EU #Regulating #Crypto?” delved into the proposed MiCA regulation, which is expected to take effect in 2024. 

Regulators and industry players highlighted several implications and potential impacts of the #European #Union’s #Markets in #Crypto-Assets (#MiCA) regulation at the Paris #Blockchain Week 2023.