Cointime

Cointime

Download App
iOS & Android

European Parliament Passes MiCA Crypto Framework, Binance CEO Plans Changes to Comply Within 12-18 Months

Cointime Official

April 21 (Cointime) - The European Parliament passed MiCA on April 20, a crypto framework aims to establish a unified regulatory framework for crypto assets across the European Union member states.

Although legal and linguistic checks are still pending for MiCA, and the bill must be published in the EU journal, the policy could potentially take effect as early as 2024, subject to the European Council vote. The approval of the bill has received praise from many crypto industry leaders and policymakers.

Binance CEO Changpeng Zhao tweeted that he plans to make changes to the exchange within the next 12 to 18 months to adhere to the potential new framework.

EU Commissioner for Financial Stability Mairead McGuinness says he "welcome the European Parliament’s vote today to approve comprehensive EU rules on crypto: a world first."

MiCA Binance
Comments

All Comments

Recommended for you

  • BTC Surges Past $61,000

    Market data shows that BTC has surged past $61,000, currently priced at $61,039.53, with the 24-hour decline narrowing to 0.53%. The market is experiencing significant volatility, so please ensure proper risk management.

  • CSRC Chairman Wu Qing: Fund Industry's Stock Investment Grows 41% to 13.4 Trillion Yuan

    On June 6, the China Securities Regulatory Commission (CSRC) released Wu Qing's speech at the Fourth Member Representative Conference of the China Securities Investment Fund Industry Association. Wu Qing pointed out that over the past five years, the scale of stock investments in the fund industry has grown by 41%, reaching 13.4 trillion yuan, with the proportion of A-share circulating market value held reaching 13.7%. Rational investment, value investment, and long-term investment have become widely accepted concepts. At the same time, the fund industry has become an important partner for medium- and long-term funds such as social security, insurance, and annuities, and a key trustee for equity investments, playing a crucial role in optimizing the investor structure of the capital market, broadening the channels for medium- and long-term funds to enter the market, increasing market liquidity, and reducing irrational market fluctuations.

  • BTC Falls Below $61,000

    Market data shows that BTC has fallen below $61,000, currently priced at $60,996, with a 24-hour decline of 1.15%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Surpasses $61,000

    Market data shows that BTC has surpassed $61,000, currently priced at $61,005.65, with a 24-hour decline of 3.74%. The market is experiencing significant volatility, so please ensure proper risk management.

  • USDT Surpasses ETH to Become the Second Largest Cryptocurrency by Market Cap

    On June 6, market data showed that USDT's market capitalization surpassed that of ETH, making it the second largest cryptocurrency by market cap. As of now, USDT's market cap stands at $187.034 billion, while ETH's market cap is $184.423 billion.

  • BTC Falls Below $60,000

    Market data shows that BTC has fallen below $60,000, currently priced at $59,995.63, with a 24-hour decline of 4.36%. The market is experiencing significant volatility, so please ensure proper risk management.

  • US Spot Ethereum ETF Sees $6 Million Net Outflow

    On June 6, according to monitoring data from Farside Investors, the US spot Ethereum ETF experienced a net outflow of $6 million yesterday.

  • US Spot Bitcoin ETF Sees $325.7 Million Net Outflow

    On June 6, according to data monitored by Farside Investors, the US spot Bitcoin ETF experienced a net outflow of $325.7 million yesterday.

  • BTC Briefly Drops Below $60,000

    Market data shows that BTC briefly dropped below $60,000, currently recovering to $61,290.9, with a 24-hour decline of 3.5%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Yili Hua: US Stocks Correct as Expected, Decline Faster Than Anticipated

    On June 5, Liquid Capital (formerly LD Capital) founder Yili Hua stated, "As we anticipated, US stocks have begun to correct, and expectations for interest rate cuts have changed. Trading is always the most challenging task; getting it right ten times and wrong once can lead to problems. It is essential to remain cautious and manage risks. The speed of this decline following the rebound has far exceeded expectations. However, it also comes with greater opportunities; historically, bear markets have been the time to make money, while bull markets often lead to losses."

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company