MiCA requires crypto firms such as wallet providers and exchanges to seek a license to operate across the bloc, and stablecoin issuers to hold suitable reserves. Its main features were politically agreed in June, but it’s been subject to administrative hold-ups. Major provisions take effect just over a year after it’s published in the bloc’s official journal, which is now likely in June or July.
Related posts
-
U.S. Crypto Stocks Sink in Pre-Market Trading as BTC Slumps
Software company MicroStrategy, which holds over 210,000 BTC, and bitcoin miner Hut 8 led declines as... -
Australia Honors Kraken With Several Crypto Awards
Kraken, a global cryptocurrency exchange, won several awards in... -
Labour Landslide Sets Up Starmer as UK Prime Minister With Unstated Crypto Plans
While the industry was not mentioned in the party’s manifesto or on the campaign trail, Labour...