WebsCrypto
  • News
  • Prices
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Blockchain
  • DeFi
  • Policy
  • Opinions
  • Guides
  • PR
Facebook Twitter LinkedIn Telegram
WebsCryptoWebsCrypto
ADVERTISE
  • News
  • Prices
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Blockchain
  • DeFi
  • Policy
  • Opinions
  • Guides
  • PR
WebsCrypto
Markets

Patrick Hansen: All the Big Issues of the Two EU Cryptocurrency Regulations Are Agreed

By WebsCryptoJune 26, 20222 Mins Read
All the Big Issues of the Two EU Cryptocurrency Regulations Are Agreed
Share
Facebook Twitter Telegram LinkedIn Reddit Email

The last meeting of the two most important EU cryptocurrency regulations, MiCA (PoW ban) and TFR (non-custodial wallets), will take place next Thursday, June 30, Patrick Hansen, a crypto venture capital advisor at Presight Capital, said on social media.

Almost all of the big issues are now agreed, but there are still some open issues.
like:

  1. NFTs should they be in or out of the scope of MiCA? The Commission wanted to include it for consumer protection reasons, which the Council/Parliament initially objected to but now appears to have accepted the Commission’s compromise proposal. The likely outcome is a compromise where NFT issuers are mostly exempt, but companies that provide services on top of third-party NFTs (marketplaces, etc.) are not.
  2. There are no exemptions for algorithmic stablecoins. Among them, there are high regulatory requirements for the issuers of EMT and ART. In addition, stablecoins are not allowed to have CASP interest.
  3. DeFi will be excluded from the scope of MiCA after a long negotiation. The committee will publish a separate report in 2023 and launch a dedicated pilot project for new forms of embedded DeFi regulation.
  4. The environmental impact of encryption Contrary to what some media claim, fortunately a Bitcoin ban is no longer on the table. But there will be comprehensive disclosure requirements (mandated by ESMA) for each crypto asset (such as BTC) that CASP provides services for.
DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
Bitcoin Crypto Cryptocurrency DeFi Market NFT Regulation
Related News

US Government Seizes $5.6 Billion Worth of Bitcoin in Three High-Profile Cases

CFTC Defines Bitcoin, Ethereum and Litecoin as Commodities, Not Securities

Balmain Launches Limited Edition NFT Series Unicorn Phygit Wearable Collection

Timothy Peterson Claims 6 Million Bitcoins Are Lost Forever

Why Is the CFTC Suing Binance?

Venezuelan Regulators Shut Down Cryptocurrency Exchanges, Mining Farms

The Latest
Markets March 28, 2023
US Government Seizes $5.6 Billion Worth of Bitcoin in Three High-Profile Cases
Markets March 28, 2023
CFTC Defines Bitcoin, Ethereum and Litecoin as Commodities, Not Securities
Business March 28, 2023
Balmain Launches Limited Edition NFT Series Unicorn Phygit Wearable Collection
News March 28, 2023
Timothy Peterson Claims 6 Million Bitcoins Are Lost Forever
Opinions March 28, 2023
Why Is the CFTC Suing Binance?
Block 3000

WebsCrypto contains crypto news about cryptocurrencies, bitcoin, ethereum, altcoins and more.

Facebook Twitter LinkedIn Telegram RSS
Categories
  • News
  • Markets
  • Business
  • Markets
  • Opinions
  • Guides
  • Press Release
  • Sponsored
Tags
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Blockchain
  • DeFi
  • Regulation
  • Policy
About
  • About Us
  • Contact Us
  • Advertise
  • Crypto Prices
  • Privacy Policy
  • Terms of Service
© 2023 WebsCrypto.

Type above and press Enter to search. Press Esc to cancel.