30 Sep 2021

Regulating crypto and cyberware in the EU

Karel Lannoo

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The EU is proposing a special dedicated regime for crypto-asset providers in the EU through the MiCA regulation, the first international bloc to do so. When adopted, only licensed providers will be allowed to offer crypto-currency and operate crypto exchanges in the EU. But for a global market like crypto, a common set of rules is missing, as other jurisdictions follow different approaches. This will affect consumer trust and the further development of digital finance markets, as more is needed to improve transparency in crypto-world.