Innopay’s Post

The Markets in Crypto-Assets Regulation (MiCAR) came into force in June. Are you prepared to meet the new regulatory requirements? MiCAR is the first all-encompassing regulatory framework designed to bring transparency, certainty, and trust to the rapidly evolving digital assets sector. By establishing guidelines and standards, MiCAR aims to protect consumers, encourage innovation, and maintain financial stability. Find out if you are in the scope of MiCA & How to prepare > https://owy.mn/3zwHUA3 #Crypto #ConsumerProtection #EU #DigitalAssets

The Markets in Crypto-Assets Regulation (MiCAR) came into force in June. Are you prepared to meet the new regulatory requirements? MiCAR is the first all-encompassing regulatory framework designed to bring transparency, certainty, and trust to the rapidly evolving digital assets sector. By establishing guidelines and standards, MiCAR aims to protect consumers, encourage innovation, and maintain financial stability. Find out if you are in the scope of MiCA & How to prepare > https://owy.mn/3zwHUA3 #Crypto #ConsumerProtection #EU #DigitalAssets

Ready to dive into the future of crypto regulation? Latvia awaits! Latvijas Banka can help you with efficient and effortless licensing process to obtain your MiCAR license for EU 🏅 ! #CryptoRegulation #FintechInnovation #MiCARLicense #MiCAR

📢 Crypto Wild West: Introducing MiCAR! 🌐 The European Union has taken a significant step towards bringing order to the once "crypto wild west" by introducing MiCAR (Markets in Crypto-Assets Regulation). This regulation marks a comprehensive approach to regulating the previously unregulated or inconsistently regulated crypto-assets market. 🙋♀️ MiCAR? MiCAR stands for Markets in Crypto-Assets Regulation. It's a robust framework that provides clarity, protection, and stability within the crypto market across the EU. By setting standardized rules and requirements for crypto-assets, MiCAR ensures a safer environment for investors and fosters innovation in the financial sector. Implications 👉 Investor Protection 👉 : With MiCAR, investors can now have more confidence in the crypto market. The regulation introduces safeguards to prevent fraud, market manipulation, and other malicious activities. Market Stability: 👉 MiCAR aims to reduce the volatility and speculative nature of the crypto market by implementing strict regulatory measures. This will help stabilize the market and make it more predictable. Innovation Encouragement: 👉 By creating a clear legal framework, MiCAR encourages innovation within the crypto space. Startups and established companies alike can now operate with a better understanding of the regulatory landscape. Harmonization Across the EU: 👉 MiCAR unifies the approach to crypto regulation across all EU member states, eliminating the previously existing inconsistencies. This harmonization makes it easier for crypto businesses to operate across borders. Combating Illicit Activities: 👉 By imposing stringent compliance requirements, MiCAR helps in combating money laundering, terrorist financing, and other illicit activities associated with the crypto market. 🙏 The implementation of MiCAR is a major milestone in the evolution of the crypto-assets market. It represents the end of the unregulated era and the beginning of a more secure, stable, and innovative crypto future. 🌟 #Crypto #MiCAR #Regulation #Blockchain #Finance #Innovation #EU #InvestorProtection #MarketStability

Call for all the crypto enthusiasts looking for a jurisdiction to obtain your MiCAR license for EU - Latvijas Banka is ready to host you! Fintech Latvia Association in cooperation with Sorainen has created an insightful material to show you WHY Latvia is your go-to destination to obtain MiCAR license! 🚀 If you are a crypto assets service provider, we invite you to go have a coffee with Latvian🇱🇻 regulatory body Latvijas Banka and discuss how they can help you with efficient and effortless licensing process! The #MiCAR regulation introduces a dual regulation system alongside existing EU and national laws, aiming to bolster innovation while ensuring financial stability and consumer protection. MiCAR seeks to extensively regulate the crypto-asset market, including both asset-referenced tokens and e-money tokens, which are designed to offer stability by linking to other values or currencies. MiCA will facilitate a safer and more robust market environment, enabling the free movement of services across the EU. 📧 To learn more reach out to us via info@fla.lv

💡 “MiCAR – Gold Standard or Regulatory Poison for the Crypto Industry?“ by Matthias Lehmann (Universität Wien) was published on 12 January 2024 in the EBI Working Paper Series No. 160. The EU’s Market in Crypto-Assets Regulation (MiCAR) is set to reshape the legal framework of the crypto industry. For the first time, cryptocurrencies and tokens will be subject to regulation. Issuers and service providers in the crypto-assets markets will be submitted to a comprehensive regime. Especially stringent rules will apply to stablecoins. MiCAR has every chance of becoming the new global standard. But it is equally possible that MiCAR will isolate the EU from the global crypto-market and stifle further innovation. To understand why this is so, one must deep-dive into its rules and the Regulation’s real impact. To this end, I provide a critical analysis of MiCAR’s provisions and an assessment of their potential consequences. To read the entire paper, please follow: https://lnkd.in/dBewbhNS #workingpaper #finance #regulation #banking #crypto #micar #digitalization #digitalfinance #eu

Great to partner with Zodia Markets, Zodia Custody and Portofino Technologies on this report looking at how crypto regulation is an opportunity for regulators to innovate and leverage the new technologies and processes emerging from the world of cryptoassets.

🚀 Excited to announce our latest collaboration with Acuiti.io, Portofino Technologies, and Zodia Custody! 🤝 The report “Competitive Advantage: Charting the Path Ahead for UK Cryptoassets Regulation” has been published.    With the UK government actively working on developing a new regulatory framework for #cryptoassets, Acuiti, Portofino, Zodia Markets, and Zodia Custody brought together a select group of senior industry participants and regulators in May 2023. Focused on the #institutional segment of the market, the session delved into the key proposals for UK #regulation.     📋 Acuiti has summarised the discussion in this report, highlighting the critical issues raised and setting the course for the UK government to craft a comprehensive, transparent and competitive framework for the issuance and trading of crypto assets.   Download the full report here: https://lnkd.in/eMK5WxPF #cryptoregulation #cryptotrading

With the rules in EU Regulation 1114/2023 on markets in crypto-assets becoming applicable by the end of 2024, staying compliant is crucial for businesses operating within the European Union/the European Economic Area. To assist crypto-industry participants in understanding their regulatory obligations under MiCA, we proudly presents our new MiCA Assessment Tool. Learn more in this post from Partner Aki Corsoni-Husain, and Associates Angelos Lanitis and Neofytos Makris: https://lnkd.in/eXAEBsqj #mica #crypto #regulatoryblog