European Union finalizes MiCA

						Array
(
    [_wp_page_template] => Array
        (
            [0] => default
        )

    [conclusion] => Array
        (
            [0] => 
        )

    [post_sponsor_aff_link] => Array
        (
            [0] => 
        )

    [casino_url] => Array
        (
            [0] => 
        )

    [casino_street_address] => Array
        (
            [0] => 
        )

    [casino_post_code] => Array
        (
            [0] => 
        )

    [year_founded] => Array
        (
            [0] => 
        )

    [withdrawal_limit] => Array
        (
            [0] => 
        )

    [reviewrating] => Array
        (
            [0] => 
        )

    [bestrating] => Array
        (
            [0] => 
        )

    [cgn_score] => Array
        (
            [0] => 
        )

    [casino_key_feature_1] => Array
        (
            [0] => 
        )

    [casino_key_feature_2] => Array
        (
            [0] => 
        )

    [casino_key_feature_3] => Array
        (
            [0] => 
        )

    [bonus_text_top] => Array
        (
            [0] => 
        )

    [bonus_text_bottom] => Array
        (
            [0] => 
        )

    [casino_review_reference] => Array
        (
            [0] => 
        )

    [_thumbnail_id] => Array
        (
            [0] => 16626
        )

    [ppma_authors_name] => Array
        (
            [0] => Alex
        )

)

Updated September 22, 2022 | Published September 22, 2022

2 mins read

The European Union (EU) is currently pushing forward with one of the most comprehensive attempts to create a pan-European legislation that will bind cryptocurrencies and emerging digital assets to a common regulatory framework.

The Markets in Crypto Assets (MiCA) legislation has been hailed for its comprehensiveness and thoroughness by the likes of Binance and others.

Now, a final version of the legislation is available. The bill, dated September 20, has been verified by CoinDesk, which confirmed that the new laws are so comprehensive that they can even be applied to emerging technology that was not originally considered, such as non-fungible tokens (NFTs.)

MiCA will significantly up the ante for cryptocurrency companies who wish to operate in the EU. Companies will be required by law to publish comprehensive White Papers featuring technological roadmaps and more.

Stablecoin issuers are also covered under the new legislation and MiCA is expected to be a game-changer for the industry in Europe.

What is more, it’s the first attempt to create cross-border legislation that will apply to EU member states and try to supersede national legislation without undermining country-specific legislation.

MiCA’s latest draft also reflects a decision to do away with restrictive practices that are pointless to push against.

For example, in a previous version of MiCA stablecoins were overlooked, but the revised draft now clearly accounts for them as something that is going to be a part of the cryptocurrency industry for better or for worse.

The new MiCA draft is still to be passed and if accepted, it will be a tremendous success for the EU, beating both China and the US to issuing comprehensive regulation.

If you want to stay away from legislation and focus on cryptocurrencies for fun instead, we recommend visiting 1xBit, FortuneJack, and Bitcasino.io.

Looking for your next crypto casino? Check out: Bitcasino, Gamb.co or FortuneJack.

Written by Alex

Reporter

Alex is a well-rounded crypto writer who focuses on general market and legal developments. His main interest lies in how crypto gaming can become a more permanent part of the gaming landscape and how blockchain holds benefits to players they are not even aware of.
Best Casinos to play with…
Bitcoin
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
The Ledger: France toughens crypto stance, SEC goes after Coinbase
The Ledger: Crypto criminals face pressure, new regulation rolls in

Similar News

Aiden Pleterski 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 7125
            [name] => Aiden Pleterski
            [slug] => aiden-pleterski
            [term_group] => 0
            [term_taxonomy_id] => 7125
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 3
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 6823
            [name] => crypto scam
            [slug] => crypto-scam
            [term_group] => 0
            [term_taxonomy_id] => 6823
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 14
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 7127
            [name] => crypto-king
            [slug] => crypto-king
            [term_group] => 0
            [term_taxonomy_id] => 7127
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 2
            [filter] => raw
        )

)

‘Crypto King’ reportedly kidnapped and tortured

27/03/2023|19:00

‘Crypto King’ Adam Pleterski was allegedly kidnapped and tortured following claims that he scammed investors and spent £13m to fund...
crypto 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 4513
            [name] => crypto
            [slug] => crypto
            [term_group] => 0
            [term_taxonomy_id] => 4513
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1680
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 5072
            [name] => G7
            [slug] => g7
            [term_group] => 0
            [term_taxonomy_id] => 5072
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 3
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 5044
            [name] => MiCA
            [slug] => mica
            [term_group] => 0
            [term_taxonomy_id] => 5044
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 21
            [filter] => raw
        )

    [3] => WP_Term Object
        (
            [term_id] => 1026
            [name] => regulation
            [slug] => regulation
            [term_group] => 0
            [term_taxonomy_id] => 1026
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 666
            [filter] => raw
        )

)

G7 moots tighter crypto restrictions

27/03/2023|18:00

The G7 will discuss adding tighter crypto restrictions to their agenda when they meet in Japan later this year. The...
Animoca Brands 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 6746
            [name] => Animoca Brands
            [slug] => animoca-brands
            [term_group] => 0
            [term_taxonomy_id] => 6746
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 6
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 5226
            [name] => metaverse
            [slug] => metaverse
            [term_group] => 0
            [term_taxonomy_id] => 5226
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 84
            [filter] => raw
        )

)

Animoca Brands cuts metaverse fund by 20%

27/03/2023|17:00

Hong Kong-based venture capital firm and blockchain gaming developer Animoca Brands has reportedly cut its metaverse fund by 20%. The...