As MiCA Nears Full Adoption, Could Europe Become World’s Web3 Destination?
Anthony Moro, CEO of Provenance Blockchain Labs, shared his thoughts on the European Union’s forthcoming Markets in Crypto-Assets (MiCA) regulation, which is set to be fully adopted by December 2024.
According to Moro, MiCA’s structured regulatory framework could enhance the accessibility and consistency of the European crypto market, bringing it closer to established asset classes. Moro spoke ahead of his appearance at the upcoming Benzinga Future of Digital Assets event, where industry leaders will discuss advancements in digital finance.
Creating a Consistent Market
Moro emphasized that MiCA’s requirements will raise the standard for crypto exchanges, making the European market more cohesive. “For exchanges that operate across jurisdictions, these [standards] should have already been in place,” he said, referencing the regulation’s mandates for anti-money laundering, anti-terrorist financing, and security protocols.
Moro said that exchanges practicing …
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