mica
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Taking a bite out of MiCA, the EU’s comprehensive crypto legislation challenging the nature of decentralisation
To much fanfare, European Union legislators and commissioners last year negotiated the final framework of the bloc’s cryptocurrency regulation, known as the Markets in Crypto-Assets Regulation (MiCA). On June 30 of this year, Titles III and IV came into force, stipulating the requirements for issuers of “asset-referenced tokens” (commodity basket tokens) and “e-money tokens” (stablecoins). The rest…
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What the collapse of FTX means for crypto in Europe
Just a few days ago, FTX was the second-largest crypto exchange in the world with a significant user base across the European Union. Now, after revelations of the company’s finances and opaque dealings by CEO Sam Bankman-Fried, the company faces a collapse causing contagion across the cryptocurrency economy. This will likely have a large impact…