Tag: DAO

European Union Parliament Passes MiCA Bill Impacting Crypto Regulation Read more

On October 10, 2022, the European Union Parliament made a significant stride in the regulation of cryptocurrencies by approving the Markets in Crypto-Assets (MiCA) bill. The decision, supported by 28 members of the Parliament, reflects a comprehensive effort to address critical aspects of the crypto landscape, including consumer protection, anti-money laundering (AML) measures, environmental concerns, and corporate responsibility. The MiCA bill is poised to undergo further scrutiny as it awaits a final vote by the European Parliament before the end of the year. If ratified, the legislation is slated to become enforceable within 12 to 18 months thereafter. However, the proposed regulatory framework poses challenges for decentralized finance (DeFi) entities operating within Europe. Scheduled to take effect in 2024, MiCA...