The digital asset landscape in the European Union is evolving ahead of the passage of the Markets in Crypto-Assets (MiCA) regulation framework that aims to instill regulatory clarity around crypto assets. While well-intentioned, the current structure of MiCA may throttle innovation. But if a revised version of this policy passes, it could see the European Union become one of the leaders in the digital payment space. If not, then there is a genuine possibility of the continent falling behind.
MiCA aims to set a regulatory framework for the crypto asset industry within the EU. At this point, much still needs to be codified and clarified, but the broad strokes are now known.
Simultaneously, financial technology firm Circle launched a stablecoin called Euro Coin (EUROC). Euro Coin implements the same full-reserve model as the company’s existing USD Coin (USDC). This trusted digital United States dollar currency is used across centralized and decentralized exchanges and currently has...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...