micapass

Soon we are entering the final month before the Markets in Crypto-Assets (#MiCA) regulation takes effect on December 30, 2024. This regulation will establish a unified framework for crypto-assets across EU member states, aiming to enhance transparency, ensure consumer protection, and foster innovation within the crypto industry. 

The recent election of Donald Trump is poised to significantly influence cryptocurrency regulation. Key expectations 👇 🤵♂️ Trump has expressed intentions to replace current SEC Chair Gary Gensler, aiming to end what he terms the “anti-crypto crusade” and appoint a leader more favorable to digital assets. 🪙 With a more crypto-friendly Congress, there is potential for swift advancement of bills related to stablecoins and clearer definitions of digital assets, fostering a more supportive regulatory environment. 🤑 Proposals such as establishing a national strategic bitcoin reserve and promoting domestic bitcoin mining indicate a strategic shift towards integrating cryptocurrencies into national economic frameworks.

🌐 As crypto matures, regulation is catching up faster than ever. Recent updates across Europe, the U.S., and Asia are creating a framework aimed at balancing innovation with consumer protection. 🇪🇺 The EU’s MiCA regulation has set a high bar for comprehensive crypto oversight, while the U.S. is making strides with a focus on stablecoins and clearer guidance for exchanges. 🌏 Asia, too, is making moves, especially in Hong Kong and Singapore, positioning themselves as crypto-friendly hubs with clear regulatory standards. For crypto projects, staying proactive is key. Compliance isn’t just about avoiding fines; it’s about building trust and resilience in a rapidly maturing industry. Collaborating with regulators, adapting to new standards, and understanding the local regulatory pulse can make all the difference. #CryptoRegulation #Blockchain #Compliance

Web3 is not ready for MiCA (yet), and why it’s about to change soon. When #finance meets #blockchain, you're not just building features—you’re managing risks, ensuring compliance, and reshaping how users interact with financial products. Understanding the market requires serious effort to build a reliable customer base. In #fintech, trust and #compliance are key, but with #decentralization, true #ownership of financial data defines the future. While not everyone is accustomed to this shift, it’s inspiring a new generation of builders. 🧪 They are not afraid to experiment—build, launch, test, fail, and start again. 🙇♀️ They aren't experts but are used to doing their own research before committing. 🌟 They are loyal—not to stability, but to innovation, always seeking the best. That’s why new #DeFi founders are already aware of #MiCA and are preparing for it. I’m excited to see DeFi protocols going beyond just checking boxes. ✅ #mica #defi micapass

🚀YOUR WHITEPAPER CAN BANKRUPT YOUR ENTIRE PROJECT. Crafting a whitepaper is essential, but ensuring it's #MiCA compliant is critical for the future of your startup. While ChatGPT or other generators can help write a whitepaper, they can't guarantee compliance—and that's where we come in. At #micapass we work with our legal partners ECOVIS ProventusLaw to audit your whitepaper for full #MiCA compliance, by covering: - Protocols and tech standards for #web3 instruments - Risk management for fund origin and customer risks  - Clarifying intended buyers and potential limitations - and more. ✅ Pass the audit, and get 50% off! Yes, until the end of the year, if your project passes our audit, you’ll get a 50% discount on all expenses. Don't gamble with your project’s future—let us help ensure your token launch is airtight and compliant 🚀. Are you MiCA-ready? Let's find out, contacts us ✉️ https://lnkd.in/gcPYBAq9

It was raining—both water and ideas. I had an umbrella for the rain and an open mind for the ideas. Once I was soaked and full from Startup Fair, I headed inside to the side event: The Future with Blockchain: Lithuanian XRPL Meetup, hosted by Axiology, SUPER HOW?, XPMarket, and XRPL Commons. I presented micapass, had inspiring conversations with some of the brightest minds in the blockchain world, and while I dried off the water, I was completely drenched in inspiration.

🇯🇵 Japan is considering crypto regulation updates that could lower taxes on digital assets and allow crypto ETFs. The Financial Services Agency (FSA) aims to reclassify cryptocurrencies under investment law, reducing tax rates from 55% to 20%, aligning them with stock taxes. This change may also lead to introducing ETFs, currently prohibited in Japan. The review is part of broader efforts to support crypto growth while maintaining investor protections.

Back on stage. Just a year ago, we were pitching and winning at StartupFair. Now, Micapass will be presented at “The Future with Blockchain” - Lithuanian XRPL Meetup at StartupFair. Save the date: Thursday, October 3rd.

87% failure rate for crypto registrations in the UK highlights a serious gap in regulatory compliance. For companies, navigating these controls is critical, but the system’s delays and complexity are clearly pushing many to explore friendlier jurisdictions. Effective AML measures are crucial, but a more efficient process would boost both compliance and innovation in the UK. If this isn't addressed soon, London risks losing its competitive edge in the crypto space. https://lnkd.in/dbDiAArX

In a bear market, regulatory clarity becomes even more crucial for the crypto space. With decreased market activity and investor sentiment low, clear and consistent regulations can help build trust and stability. Governments should focus on frameworks that encourage innovation while protecting consumers. Overregulation could stifle growth, but a balanced approach will provide long-term benefits, attracting institutional investors and laying the foundation for the next market cycle.