The European Commission introduces MiCA (Markets for Crypto Assets) which is the first cross-jurisdictional regulatory framework for crypto assets . MiCA aims to establish a transparent and standardized regulatory framework for crypto-asset services in the European Union (EU) member states and cover asset reference tokens, electronic money tokens and other crypto assets .
Protecting Investors and Ensuring Market Integrity
MiCA focuses on consumer and investor protection and adresses issues of transparency, supervision, manipulation and crime prevention . The regulation aims to enhance security, safety and auditability in the crypto-asset industry, fostering market integrity and financial stability . It also encourages innovation and resolves challenges resulting from diverse national laws which creates a level playing field for businesses operating within the EU .
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