Blog
Digital Euro Regulation & Financial Stability
EU lawmakers are discussing rules for a digital euro and AI. The European Commission draft may require ECB to limit digital euro usage for financial stability. Meanwhile, the EU is progressing an AI Act to ban discriminatory uses and classify high-risk systems.
MiCA Regulation: EU Digital Asset Hub
The EU's MiCA regulations standardize crypto market protocols across 27 member states. Defining crypto assets and setting rules for service providers, MiCA positions Europe as a leader in global crypto regulation.
Cryptocurrency Regulation: EU Bank Capital Restriction
EU gov'ts support new bank capital standards that may classify unbacked cryptocurrencies like Bitcoin & Ether as riskiest assets for lenders. Agreement expected soon, isolating crypto from banking system. Mats Anderson, Swedish diplomat, sees commission paper as basis for progress.
EU MiCA Regulation Publication
The MiCA regulation, published on June 9, 2023, takes effect on June 29, 2023. It replaces national frameworks, governing token offerings, crypto services, and market abuse prevention. From Dec 30, 2024, authorized crypto service providers can operate throughout the EU.
MiCA Regulation Implementation
Christian Anders, Btc.x CEO, emphasizes EU's need for stronger lobbying on MiCA regulations. Sweden's license delays concern him. Anders cautions about potential power dynamics if MiCA is seen as insufficient. He stays optimistic, highlighting Bitcoin's superiority over fiat despite obstacles.