MiCA laws come into effect in Europe Heres what you need to know
The EUs Markets in Crypto-Assets Regulation introduces new rules for the cryptocurrency industry, which will affect stablecoins and crypto asset service providers.
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The EUs Markets in Crypto-Assets Regulation introduces new rules for the cryptocurrency industry, which will affect stablecoins and crypto asset service providers.
EU lawmakers have voted in favor of imposing a €1,000 limit on crypto transactions where the customer cannot be identified. “Entities, such as banks, assets and crypto assets managers, real and virtual estate agents, and high-level professional football clubs, will be required to verify their customers’ identity, what they own and who controls the company,” [...]
The post EU Lawmakers Vote to Impose €1,000 Limit on Unidentified Crypto Transactions appeared first on Crypto Breaking News.
Coinbase will delist noncompliant stablecoins from its European platform by the end of December to comply with the EUs MiCA regulations.
With a $216 million cap to be imposed on stablecoins such as USDT and USDC, some say crypto adoption could be “stifled” under MiCA unless it changes.
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