EU Addresses Regulatory Challenges In Digital Finance, Crypto Assets After MiCA
Portfolio Pulse from Murtuza Merchant
The European Parliament suggests classifying crypto assets as securities by default as the EU wraps up its Markets in Crypto Assets (MiCA) regulation. The report also pushes for legal status for decentralized finance governing bodies and raises concerns about potential short-term enforcement issues.
June 01, 2023 | 3:25 pm
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NEUTRAL IMPACT
The EU's MiCA regulation and classification of crypto assets as securities by default may impact Bitcoin's market.
The EU's MiCA regulation and classification of crypto assets as securities by default may bring more regulatory scrutiny to Bitcoin. However, it is unclear how this will directly impact Bitcoin's price in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
The EU's MiCA regulation and classification of crypto assets as securities by default may impact Ethereum's market.
The EU's MiCA regulation and classification of crypto assets as securities by default may bring more regulatory scrutiny to Ethereum. However, it is unclear how this will directly impact Ethereum's price in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50