

EU Parliament Pondering Landmark MiCA Crypto Regulations



The EU Parliament and Member States are considering proposed MiCA regulations that aim to support crypto-asset technologies while protecting users.
MiCA Regulations on EU Crypto
Cryptocurrency entities are closely watching proposed regulations making their way through the legislative process in Europe. As well they should -- the so-called Markets in Crypto-Assets (MiCA) rules very likely may alter the crypto landscape on the continent.
First, a little background. The European Union is developing MiCA to increase the potential of cryptocurrency assets and reduce possible risks. The European Commission's plan has been examined and modified by the MEPs, and in June 2022, Parliament and the Council came to a preliminary agreement. The rules are currently awaiting final approval from the Parliament and EU Member States.
In order to encourage the development and use of these technologies, MiCA aim to provide legal certainty, support innovation, protect consumers and ensure financial stability.

Transparency, disclosure, authorization, and oversight of transactions will be all covered under the new legislation. Moreover, due to the growing fears of governmental institutions about financial fraud, a number of MEPs have recently raised their voices in favor of having the European Securities and Markets Authority and the European Banking Authority regulate various tokens.
This regulation, if approved, would have a huge impact on Businesses dealing with crypto-assets in the EU, requiring them to provide a better set of information to consumers about risks, costs and charges.
In March 2022, the EU Parliament also passed regulations regarding the use of blockchain and other distributed ledger technologies for the trading of cryptocurrencies. This law aims to promote the creation of innovative solutions for trading platforms dealing with crypto-assets while upholding high standards of monetary stability, openness, and market integrity.
The question now is: How will this regulation impact economically the cryptocurrency market?
Different analysts consider a reliable set of rules to be the springboard to boost the use of crypto-assets. Meanwhile, others have more critical positions, saying that regulations will distort market mechanisms and that the reliability of crypto-assets is intrinsic to the system.
Although it has yet to be approved, the MiCA regulation is already making news. The next few months will be crucial to understand if there will be other amendments, what the reactions of the market will be, and if the EU Parliament will finally vote for its adoption.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Related News

'Floktober' marks the beginning of the year's final quarter, and FLOKI's community may be expecting some significant announcements to emerge...
Unlocking the Exciting Potential of October for Floki
Certain moments stand out as pivotal junctures in the world of cryptocurrencies. For the Floki community, one such moment is the arrival of October, affectionately dubbed "Floktober." It is a name born from the collective enthusiasm of Floki's community.
This is the start of the year's final quarter, and some significant Floki-themed announcements may be on the horizon.
A Glimpse into Floki's Roadmap
Behind this excitement lies a compelling reason: many major milestones on Floki's roadmap are nearing fruition.
#FLOKI 2023 ROADMAP UPDATE
— FLOKI (@RealFlokiInu) June 22, 2023
We are VERY CLOSE to delivering on several key promises on the $FLOKI 2023 roadmap, so we believe an update is long overdue to show where we are at.
Here is a quick overview of some of the exciting things our devs are working on behind the scenes that… pic.twitter.com/EjGj284jCk
These impending developments encompass a spectrum of significant initiatives, including staking, a noteworthy upgrade for the FlokiFi Locker, introducing a mysterious protocol named Project TL, and the eagerly awaited mainnet launch of Valhalla, Floki's groundbreaking metaverse game.
FLOKTOBER! ⏳⏰🔥
— B (Da Viking) (@100bviking) September 22, 2023
"B," a prominent member of Floki's core team, has provided insights into the heightened anticipation within the community.
“October has historically been a good month for crypto. Even more so for Floki! So much so that our community has named the month of October "Floktober". This is generally used to refer to the good vibes and positive news that tend to come in for Floki in the month of October,” 'B', a core team member at Floki, told BSC News. “I don't think this October will be different. Our team has been working extra hard for a long time now, and I believe starting in October and leading to the end of the year, we can finally start showing what we've been working on!”
Lets delve into the updates that may soon emerge:
FlokiFi Locker: A Key Upgrade on the Horizon
FlokiFi Locker, the digital asset locker protocol introduced by the Floki team, is set to undergo a significant upgrade. This versatile platform allows users to securely lock various assets, including Liquidity Pool (LP) tokens, fungible tokens, NFTs, and multi tokens, reducing the the risk of a rug.
Currently, FlokiFi boasts an impressive $8.77 million worth of assets locked, accompanied by 72 NFTs. Prominent projects like ApeSwap, Biswap, and Chainlink have already chosen to collaborate with Floki for FlokiFi Locker. The community might anticipate a crucial upgrade announcement in the fourth quarter of this year.
Project TL: A Mystery Waiting to Unfold
Another development ostensibly on the horizon is the unveiling of Project TL. At this point, the details surrounding Project TL remain hidden in mystery, leaving the community in eager anticipation. Followers hope for more information to emerge as the days unfold, shedding light on this unknown project's purpose and potential impact.
Valhalla Metaverse Game Release: A Gaming Revolution
In gaming, Floki's Valhalla metaverse game is generating considerable excitement. Set to be released in Q4 2023, Valhalla represents a play-to-earn NFT gaming metaverse, combining blockchain technology and immersive gaming experiences.
Valhalla rewards players not only with $FLOKI for their in-game battles but also with complete ownership of in-game assets, which they can freely trade on platforms like FlokiPlaces. This metaverse game, powered by the FLOKI token, reportedly incorporates A-level game mechanics on the blockchain. This includes on-chain gaming interactions and upgradeable NFTs.
As Floktober approaches, the Floki community eagerly awaits these upcoming events, each carrying the potential to shape the future of Floki.
Floktober's Potential
Floki has sought to turn "Floktober" into a beacon of innovation and anticipation each year. Over recent times, the organization has utilized October as a canvas for its marketing endeavors, calling it "Floktober."
One of the boldest strokes in Floki's marketing palette was witnessed in October 2021. The cryptocurrency embarked on an audacious journey, commandeering 300 iconic London red city buses and adorning The Tube Underground with its branding for the entire month.
With this, Floki harbors a vision of broader mainstream exposure, with the ultimate goal of being embraced by a more extensive and diverse user base.
A Macro Support Zone: Insights from Crypto Tony
Crypto analyst Crypto Tony provides valuable perspective on Floki's current positioning. With an observation that "FLOKI is sat on a macro support zone," there is a sense of stability and resilience underpinning the cryptocurrency.
$FLOKI / @RealFlokiInu - Update #Flokitober is around the corner, and with $DOGE looking hot for a pump, well i expect some magic from the leaders
— Crypto Tony (@CryptoTony__) September 27, 2023
Also note that #FLOKI is sat on a macro support zone. Accumulation time legends pic.twitter.com/XVNrkXoIo1
As we venture deeper into Floktober, the Floki community remains poised for what promises to be an exciting chapter in the cryptocurrency's narrative.
Floki's ability to transform October into a month of celebration, innovation, and strategic advancement is characteristic of its so far dynamic approach to the world of cryptocurrency. With each passing Floktober, the Floki community and its supporters eagerly anticipate the revelations and developments that will shape the Floki ecosystem.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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