EU Agrees on Landmark Crypto Authorization Legislation, MiCA

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The policymakers, who characterize the world’s third-largest economic system, have been haggling for almost two years over the Markets in Crypto Property (MiCA) framework. Because it stood on Thursday, the legislative package deal units up necessities for crypto issuers to publish a type of technical manifesto referred to as a “white paper,” to register with the authorities and to maintain correct bank-style reserves for stablecoins (cryptocurrencies pegged to the worth of an asset reminiscent of sovereign currencies just like the euro).

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