EU Completes Broad Regulations in the Cryptocurrency Sector
EU Crypto Regulation
Modified Date:- Published Date:-Categories: Cryptocurrency
EUCompletes Broad Regulations in the Cryptocurrency Sector
European Union governments and parliament have reached anagreement on the specifics of a comprehensive cryptocurrency marketregulation. Regulators will demand that crypto firms provide more investorprotection, and stablecoinswill require substantial liquid funds. The European Central Bank is alsotackling inflation, which it will attempt to raise for the first time in 11years.
TheEuropean Union (EU) has reached a comprehensive set of rules to regulatethe Wild West of the crypto market. Investor protection, environmental factorsand stablecoins are among other items regulated by the law. The framework,regulation on crypto-assets(MiCA) and for a variety of reasons has made headlines in the past.
The law was expedited due to the recent crypto marketdownturn, which has badly impacted investors and forced firms to liquidate,including crypto hedge fund Three Arrows Capital. Recent developments inthis rapidly evolving sector have confirmed the need for an EU-wideregulation, said French Finance Minister Bruno Le Maire.
Cryptocurrency, Stablecoins, The European Union, Crypto-assets, Three Arrows Capital, EU Regulation, Crypto Market, Crypto Hedge, Crypto Firms