Coin

<ul class="news-points"> 
 <li>A report noted that the European Markets watchdog advised crypto firms to prepare for upcoming regulations.</li> 
 <li>The authority urged digital assets companies to seek MiCA authorization from national regulators.</li> 
 <li>The implementation of the regulation is scheduled for January 2025.</li> 
</ul> 
On October 17, Bloomberg reported that the European Securities and Markets Authority has urged crypto firms and national regulators to be prepared for the new European Union’s new industry regulations instead of depending on an extended transitional period. 
Moreover, the Authority emphasized the importance for digital asset companies to promptly seek authorization from national regulatory authorities within the framework of the European Union’s forthcoming Markets in Cryptoassets (MiCA) regulations while encouraging discussions around how the upcoming rules will potentially affect the firms’ existing operations. 
A <a href="https://coinedition.com/eu-spearheads-global-crypto-reform-with-mica-regulation-approval/">press release</a> from May noted that MiCA is set to bring about a significant transformation in the crypto industry. Endorsed by EU lawmakers, earlier this year, MiCA stated that crypto service providers, intending to operate within the EU, must undergo registration with a regulat…
The post <a rel="nofollow" href="https://coinedition.com/european-market-watchdog-advises-crypto-firms-to-prepare-for-rules/">European Market Watchdog Advises Crypto Firms To Prepare For Rules</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

European Market Watchdog Advises Crypto Firms To Prepare For Rules

Coin Edition

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