In w3volution they tell us that Europe is advancing towards the regulation of crypto assets, with the creation of Mica. Markets in Crypto Assets serves as a response to the advancement of the universe of crypto assets and stablecoins. The objective is none other than to protect investors and preserve financial stability while allowing innovation and attracting new companies to the sector, but always under security parameters.
Thus, the speculation, opacity and uncertainty that revolves around the cryptocurrencies the days would be counted from the implementation of this community regulation.
Europe cannot continue to look the other way, and technologies like blockchain are here to stay. Just as card transfers and payments replaced cash payments, and card payments were replaced by bizzums to gain greater privacy and convenience, the stock market trend is for cryptocurrency transactions to be widespread in a few years.
Before that moment arrives, the EU wants to get ahead, putting a stop to fraud and other problems that affect the sector, such as the recent bankruptcy of platforms such as FTX and the global crash of cryptocurrencies in 2022.
The European Central Bank (ECB) has come to define this economic segment as the ‘Wild West’, because anarchy reigns and there are few state regulations and controls. But with this revolutionary measure, which even anticipates China and the US, legal certainty will be provided to the companies that are committed to it. The ‘financial stalls’ and the false promises of influencers and market experts are put an end to, eradicating fraud.
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