BUSD

In a significant move toward regulatory clarity, the European Union has <a href="https://eur-lex.europa.eu/legal-content/EN/TXT/?uri&#61;OJ:L:2023:150:TOC" rel="noopener noreferrer nofollow">taken</a> a proactive stance by officially publishing the Markets in Crypto-Assets (MiCA) legislation in the Official Journal of the European Union (OJEU). With its enactment scheduled for December 30, 2024, MiCA aims to establish a legal framework and regulations for the crypto industry within the European Union.The publication of MiCA in the OJEU initiated a countdown toward law enforcement, which would become officially enforceable within 20 days. However, the practical application of the regulations would commence on December 30, 2024. Certain law conditions would be executed earlier, specifically on June 30, 2024, six months before the full implementation date.The lead time before MiCA comes into effect provides market players, and member states ample opportunity to prepare for regulatory changes. This preparation involves creating a more secure and regulated environment for crypto assets within the European Union.Changpeng Zhao, the CEO of Binance, joined his industry peers in expressing his high voice for MiCA. He has previously praised the legislation as a &#34;pragmatic solution&#34; to address the challenges the crypto industry faces. Considering the heightened scrutiny, Binance is facing in the United States, the development of MiCA is seen as a positive step.Read full article at <a href="https://cryptotale.org/binance-ceo-applauds-eus-mica-inclusion-boosting-crypto-regulatory-clarity/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Binance CEO Applauds EU's MiCA Inclusion, Boosting Crypto Regulatory Clarity

CryptoTale

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