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Monaco Submits Draft Bill to Align Crypto Rules With MiCA

Monaco has submitted a draft bill to replace its 2022 crypto rules, aligning its regulatory environment with the MiCA framework and Financial Action Task Force standards. Evolving Beyond the 2022 Framework Monaco’s government has submitted a bill to its legislature to overhaul the Principality’s legal framework for crypto‑asset service providers, citing rapid growth in the […]

Bitcoin.com NewsBitcoin.com NewsTerence Zimwara13 Aug

EU to Advance MiCA Review, Targeting Non-EU Stablecoin Rules

While the EU’s Directorate-General for Financial Stability, Financial Services and Capital Markets Union opened a consultation to decide whether to review MiCA’s provisions on stablecoins, several EU diplomats have declared that the decision has been taken and will also encompass other emerging technologies. EU Set To Review MiCA’s Provisions for Stablecoins The European Union (EU) […]

Bitcoin.com NewsBitcoin.com NewsSergio Goschenko8 Aug

EU MiCA Shake-up Lets Crypto Scammers Target Users

European financial watchdogs warn that criminals are exploiting this market transition to steal funds. Fraudsters are impersonating official regulators or licensed exchanges to trick users into sending assets to fraudulent websites. Hundreds of Firms Forced to Close European regulators say criminals are taking advantage of the disruption caused by the EU’s new crypto rules, impersonating […]

Bitcoin.com NewsBitcoin.com NewsTerence Zimwara7 Aug

Circle Warns MiCA Rules Cut off EU Users From Top Stablecoins

The final implementation of all MiCA provisions has created a regulatory sandbox that leaves Europe disconnected from major stablecoin providers. Circle’s Senior Director, EU Strategy & Policy, Patrick Hansen, stressed that a review is necessary to make the framework more competitive and globally aligned. MiCA’s Current Implementation Leaves EU Users ‘Unprotected or Cut Off’ While […]

Bitcoin.com NewsBitcoin.com NewsSergio Goschenko6 Aug