This year, the European Union conducted several studies to protect cryptocurrency investors from the risks associated with this industry. She proposed a comprehensive bill covering the entire crypto industry, including NFTs. European Parliament officials voted 28 to 1 in favor of the project, which aims to better regulate the cryptocurrency markets. While preparing for the final vote before the MiCA regulations were published, we discovered that they contain clauses that may influence new industry influencers.
Does MiCA target crypto influencers?
Completed in September, the MiCA Regulations are a comprehensive series of regulations related to the cryptocurrency industry. The European Union is preparing to publish this regulation through a final vote. For cryptocurrency analysts, MiCA can limit the adoption of cryptocurrencies around the world, especially in Europe.
However, the regulators believe that this regulation will help in the fight against money laundering in the new industry. While we thought the series of regulations was only about digital assets, it seems to be Contains paragraphs written in small font affecting influencers in the field of coding.
Indeed, Director of European Strategy and Policy at Circle warned Crypto influencers, that’s 1Verse November through a Twitter post. Patrick Hansen said:Crypto influencers beware: commenting on these assets in social media without disclosing them and capitalizing on the effects would be considered market manipulation in the EU once MiCA takes effect“.
Regulations whose management is still unclear
According to European regulators, the MiCA regulation is a step forward that will make EU countries more attractive. In this regard, MiCA Regulation Rapporteur Stefan Berger has announce : “If Europe wants to be a big player in the crypto sector, we need this regulation to create trust, to create companies that innovate in this entire field.“.
But, monitoring and enforcement mode The MiCA regulation is not yet clear. In this context, not all cryptocurrency operators have real confidence in this series of regulations. Many believe that this will make things more difficult for cryptocurrencies.
The MiCA regulation exists to protect consumers from crypto-related risks. But for many analysts, this will, above all, prevent cryptocurrency players from contributing fully to the development of the sector.
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Far from dampening my enthusiasm, an unsuccessful investment in a cryptocurrency in 2017 only added to my enthusiasm. So I decided to study and understand the blockchain and its many uses and pass on my pen information related to this ecosystem.