• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Will Trump Pardon Sam Bankman-Fried? Polymarket Odds Surge as Traders React to CZ’s Release
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Will Trump Pardon Sam Bankman-Fried? Polymarket Odds Surge as Traders React to CZ’s Release
MiCA

EU’s Crypto Law MiCA Receives Publication In Official Journal

anushsamal
by anushsamal
2 years ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The European Union’s Markets in Crypto Assets law (MiCA) has been published in the Official Journal of the European Union (OJEU), marking the beginning of the implementation of comprehensive cryptocurrency licensing regulations.

This law requires crypto wallet providers to verify the identity of their customers during fund transfers. It also establishes a licensing framework for cryptocurrency companies to operate across the European Union.

Additionally, MiCA introduces new governance and financial requirements for issuers of stablecoins, which are cryptocurrencies pegged to a stable asset like a fiat currency. The publication of the extensive over 200-page law signifies its official inclusion in the European Union’s statute book.

The law is scheduled to come into force after a 20-day period from its publication, and its provisions will be applicable starting from December 30, 2024. However, specific provisions within the law will take effect earlier, on June 30, 2024.

Related Reading: Indian Central Bank Aims To Reach 1 Million CBDC Users By The End Of June

These timelines provide a transition period for affected entities to comply with the requirements outlined in the MiCA law. The regulations, which were signed into law on May 31, were initially introduced in 2020.

MiCA Legislation Hailed By Cryptocurrency Service Providers

In the United States, crypto operators are currently facing considerable uncertainty. The Securities and Exchange Commission (SEC) has filed lawsuits against Binance and Coinbase (COIN), claiming that the tokens traded on their platforms should be classified as regulated financial instruments.

Both Binance and Coinbase are facing lawsuits that allege multiple counts, including failure to register as licensed brokers and offering unregistered securities.

This legal action has created a challenging and uncertain environment for crypto operators in the US, as the outcome of these cases could potentially have significant implications for the classification and regulation of cryptocurrencies and token trading platforms.

On the other side of the pond, the MiCA legislation has garnered praise from cryptocurrency service providers and proponents as it establishes a unified market environment across Europe by harmonizing regulatory requirements and operational procedures.

This means that cryptocurrency issuers, exchanges, and wallet providers will need to meet specific registration and authorization requirements outlined in the legislation.

The key components of the MiCA legislation include provisions for the registration and authorization of cryptocurrency issuers, exchanges, and wallet providers.

These requirements aim to enhance consumer protection, promote market integrity, and mitigate risks associated with the cryptocurrency industry.

Related Reading: US Congress Sets Date For Hearing On Future Of Crypto

The development of the MiCA legislation in the European Union does indeed present the potential for a more appealing and stable environment for crypto enterprises.

While there are tightening regulatory measures in major markets like the United States, the harmonized regulatory framework established by the EU aims to provide clarity, consistency, and legal certainty for cryptocurrency businesses operating within its jurisdiction.

MiCA
Bitcoin was priced at $26,600 on the one-day chart | Source: BTCUSD on TradingView
Featured Image From UnSplash, Charts From TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
anushsamal

anushsamal

Follow

Full Profile

Related Posts

Crypto.com

Crypto.com Pursues National Trust Bank Charter Application With OCC

37 minutes ago
Zcash ZEC Bitcoin Satoshi news

Zcash Is The ‘Better Bitcoin’ Satoshi Couldn’t Build, Says Helius Labs CEO

3 hours ago
比特幣年底目標維持20萬美元 市場修正後資金追逐下一波百倍幣

比特幣年底目標維持20萬美元 市場修正後資金追逐下一波百倍幣

5 hours ago
ETF crypto bloqués : 155 demandes en attente à cause du shutdown américain

ETF crypto bloqués : 155 demandes en attente à cause du shutdown américain

15 hours ago
Trump Pardons CZ, Shakes Up Grok’s Price Prediction for $BNB and Best Altcoins to Buy

Trump Pardons CZ, Shakes Up Grok’s Price Prediction for $BNB and Best Altcoins to Buy

15 hours ago
China officieel top 3 crypto mining - BTC koers naar $200k in 2025

China officieel top 3 crypto mining – BTC koers naar $200k in 2025?

16 hours ago

Premium Sponsors

Press Releases

  • Snorter Bot...

    1 day ago
  • ORIGIN Protocol's LGNS Achieves Historic Milestone: Liquidity Tops $194 Million, Reclaiming Title as Global Leader in DeFi

    ORIGIN Protocol’s LGNS Achieves Major Milestone...

    3 days ago
  • bonus kcex

    Bonus KCEX: promozione da $21.000 con un bonus deposito del...

    3 days ago
  • Maxi Doge

    Защо Maxi Doge може да се окаже...

    3 days ago
  • 挖 1 枚比特幣耗電可供 61...

    3 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.