Cointime

Download App
iOS & Android

EU’s Markets in Crypto Assets (MiCA) Regulation To Become Law Soon, Crypto Companies Urged To Start Preparing

June 16 (Cointime) - The EU has published the forthcoming Markets in Crypto Assets (MiCA) regulation, which will come into effect at the end of next year. Janet Ho, Chainalysis' head of policy for Europe, has urged cryptocurrency companies to start preparing for compliance as soon as possible, as it may take several months to secure a license from the relevant authorities.

Failure to comply with the new rules could result in companies being unable to operate in the EU. However, conforming to the regulations could provide opportunities for businesses to scale up and potentially expand beyond Europe if MiCA becomes a global standard.

EU
Comments

All Comments

Recommended for you

  • Crypto Exchange Giants Face January Blues as Trading Volumes Crash

    Global cryptocurrency exchange volumes plunged 19.5% in January 2025 following December's record-breaking performance. Despite the monthly drop, year-over-year volumes show robust growth of almost 90% across major exchanges.
  • Central Bank of Brazil Links Stablecoin Growth to Tax Evasion and Money Laundering

    The new president of the Central Bank of Brazil has linked the rapid growth of stablecoins with tax evasion and money laundering. He remarked that individuals use these tools for cross-border payments to maintain an “opaque vision for taxation or money laundering.”
  • Chainlink Digital Asset Insights: Q4 2024

    DeFi lending yields rose in the fourth quarter due to strong borrowing activity; supply yields for stablecoin USDC and USDT reached as high as 15%+. The Chainlink DeFi Yield (“CDY”) Index enables users to track these lending yields and compare them to other markets.
  • Biden: We will gather tomorrow to certify the results of a free and fair presidential election to ensure a peaceful transfer of power

     US President Biden said, "Tomorrow is January 6th. We are gathered here to certify a free and fair presidential election result to ensure a peaceful transfer of power." 
  • South Korea's Public Prosecutor's Office suspends execution of Yoon Seok-yeol arrest warrant

    According to a report from Korean News Agency, due to the ongoing standoff, the Korean Public Officials Crime Investigation Department stated that the execution of the arrest warrant was stopped at 1:30 p.m. local time today (January 3), which is 12:30 p.m. Beijing time. Currently, the personnel from the Public Officials Crime Investigation Department and the police who were executing the arrest warrant have left the presidential palace. 
  • South Korean court approves arrest warrant for current President Yoon Seok-yeol

    on that day, the South Korean court approved an arrest warrant against Yoon Seok-yeol on charges of insurrection. It is reported that this is the first arrest warrant issued against a sitting president in the history of South Korean constitutional politics. On the 30th, the "Joint Investigation Headquarters" composed of the Korean Senior Public Officials Crime Investigation Department, the police, and the Ministry of National Defense Investigation Department submitted a request to detain President Yoon Seok-yeol to the Seoul Western District Court. The Korean Senior Public Officials Crime Investigation Department has issued three summonses to Yoon Seok-yeol on suspicion of "insurrection leader" and "abuse of power to obstruct the exercise of rights", but Yoon Seok-yeol has not responded. According to the South Korean "Criminal Procedure Law", if the suspect has no justifiable reason to refuse to accept the investigation request, or may not accept the investigation request, the investigation agency can apply to the court for an arrest warrant and conduct a forced investigation on the relevant personnel.
  • Brazilian Congressman Warns of Drex CBDC Risks, Rejects Cash Abolition Bill

    Brazilian congresswoman Julia Zanatta is concerned about the impact of the implemented digital currency (drex) on citizens' lives. Julia Zanatta emphasized that the use of drex (the national central bank digital currency) could lead to the end of physical currency as the country progresses towards implementing it. In a recent interview, Julia Zanatta explained that the use of drex should be voluntary rather than mandatory, as it could become a tool for controlling Brazilians. She has planned multiple backup measures to prevent this from happening and to help Brazilians maintain their current economic freedom.
  • Vivek Ramaswamy X's account was hacked, and the cooperation with USUAL was fake news

    Vivek Ramaswamy, who co-leads the US government efficiency department with Musk, confirmed that his X account was hacked and false news about cooperation with USUAL was previously released.
  • Binance Alpha announces first batch of projects: KOMA, Cheems, APX, ai16z, and AIXBT

    according to official sources, Binance Alpha has announced its first batch of projects, which are: KOMA, Cheems, APX, ai16z, and AIXBT.
  • ZachXBT: X platform account leakage may be related to the lack of 2FA security measures

    blockchain detective ZachXBT wrote: "Recently, there have been many account leak incidents on X platform. I suspect that these accounts did not use secure keys or identity verification programs for 2FA."