This week’s Crypto Biz explores the departure of Jump Crypto’s CEO, Animoca Brands’ return to public markets, the corporate dispute between Riot and Bitfarms, and other news.
The MiCA regulation will be implemented in two phases, starting on June 30, 2024, and fully coming into force by Dec. 30, 2024. The framework classifies crypto assets into three main categories: electronic money tokens, asset-referenced tokens and other crypto assets such as utility tokens. “With clear rules and guidelines, the regulation will provide the investor protections needed while contributing to financial stability and market integrity across the EU,” said Olivier Carré, deputy managing partner at PwC Luxembourg.. “Very few banks accept this type of business in Europe. It’s already very difficult to get just one!” said Tether CEO Paolo Ardoino during an interview in May, referencing stablecoin reserve requirements of 60% in cash deposits at several banks.
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President of Jump Crypto steps downKanav Kariya, the head of Jump Trading's digital asset division, has announced he is stepping down from the company following several developments since 2022.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Crypto Biz: ARK drops bid for spot Ether ETF, miners adapt after halving, and moreInvestment firm 21Shares filed with the Securities and Exchange Commission late on May 31 to remove ARK Invest from its proposed spot Ether ETF.
Source: Cointelegraph - 🏆 562. / 51 Read more »