Will Europe’s MiCA Rule Change Crypto For The Better Or Lead To Consolidation?
As the European Union prepares to fully implement the Markets in Crypto-Assets (MiCA) regulation by December 2024, the European crypto market is on the verge of a major change. Ian Horne, head of content at Money20/20’s Amsterdam show, recently discussed how this new framework will impact exchanges and the broader market ahead of his appearance at the Benzinga Future of Digital Assets event.
Clarity for Crypto Businesses
Horne emphasized that MiCA offers clarity for those looking to run regulated crypto businesses in Europe. “It signals that businesses are operating within an environment that wants them to exist,” he explained, describing MiCA as a positive step toward fostering a more structured crypto market. The regulation comes with requirements, including measures to prevent market manipulation, such as front-running and wash trading, while enhancing consumer protection.
Increased Responsibilities for …
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