EU Takes Lead In Crypto Regulation: Game Changer For The Digital Economy
Portfolio Pulse from Murtuza Merchant
The European Union has enacted the Markets in Crypto Assets (MiCA) regulation, positioning the bloc as a pioneer in cryptocurrency regulation. The MiCA regulation is expected to come into effect in the coming weeks and will grant crypto exchanges and wallet providers a license to operate across the 27-member bloc.
May 31, 2023 | 8:58 pm
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POSITIVE IMPACT
The enactment of the MiCA regulation in the EU may have a neutral to positive impact on Bitcoin as it provides a regulatory framework for crypto exchanges and wallet providers.
The MiCA regulation provides a regulatory framework for crypto exchanges and wallet providers, which could lead to increased adoption and usage of cryptocurrencies like Bitcoin. However, the impact on Bitcoin's price may be limited as the regulation is focused on the broader crypto market and not specifically on Bitcoin.
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