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🚀FINAS again at the key moments of supporting the crypto industry in Slovakia ⚡The impending MiCA regulation has stirred the debate in various directions, creating yet another opportunity to bring the crypto world closer to the ecosystem's institutional partners. On Thursday, February 15th, Finas and its members, together with the National Bank of Slovakia, participated in a meeting with the Ministry of Finance and the Department for Legislation and Accounting Methodology! We are glad that we were invited to this key meeting 👉🏼in the process of creating legislation and methodology❗ We thank the Ministerstvo financií Slovenskej republiky and Národná banka Slovenska for the introductory meeting where we had the opportunity for 120 minutes to outline the functioning of the crypto world and its possible "grasp or analogies with the real physical world'. We perceive a number of questions that arise with the issue of crypto and accounting, so we are very happy that we can state together that 👉🏼 a new active platform for sharing ideas and proposals was created and started yesterday👈🏼💡 We are looking forward to the next joint meeting within the Ministry of Finance with the Department for Legislation and Accounting Methodology.🤩 Daniel Ďuriač, Tomas Poloma, STEINIGER | law firm, Lukáš Steiniger, Mountain Wolf, Marina Kapustina, ConsultareDigital, Stanislav Hutnan, Davy Cajko #finas #fintech #members #mfsr #nbs #micaregulation #crypto #legislation #accounting #bitcoin #blockchain #finance #slovakia #bratislava

The Markets in Crypto Assets Regulation (MiCA), established by the European Union (EU), encompasses regulations concerning crypto-assets and associated services and activities not addressed by existing EU legislation. As the inaugural cross-border framework tailored for overseeing crypto-asset markets, MiCA supersedes domestic regulations across numerous EU Member States where applicable, streamlining regulatory efforts in this burgeoning sector.   The Markets in Crypto Assets regulation (MiCA) of the European Union is set to come into force in 2024, marking the first instance globally where a major jurisdiction has established comprehensive and customized regulations for the cryptocurrency sector. These new crypto regulations, designed to enhance legal certainty for businesses and attract more investment to the region, will be applicable across 27 countries, collectively representing nearly one-fifth of the global economy. MiCA’s regulations stem from established EU guidelines governing securities trading. Any company intending to provide crypto services within the EU, including custody, trading, portfolio management, or advisory services, must obtain authorization from one of the 27 national financial regulators in the bloc. #MiCA #europeanunion #micaregulation

EUROPEAN UNION TO INCLUDE CRYPTO IN €12 TRILLION UCITS MARKET 💶🚀 The European Securities and Markets Authority (ESMA) is asking #experts if they should expand the types of #assets allowed in the Investment Funds. #UCITS are mutual funds that pool money from investors to invest in various assets like stocks, bonds, and now potentially #crypto. If approved, this could be a game-changer for crypto in #Europe! 🌍 Why Does This Matter? • Mainstream Acceptance: Sean Tuffy a financial regulation expert, says this could be the “final step in mainstreaming crypto assets in Europe.” 🏦 • New Opportunities: Andrea Pantaleo believes many investment funds would be interested in putting a small percentage of their money into crypto. 💰 Challenges Ahead: • Custody Issues: Regulations for depository banks must match crypto custody rules. 🏦 • MiCA Compliance: Crypto assets in UCITS must follow the Markets in Crypto-Assets regulation (MiCA). 📜 Next Steps: ESMA is open to feedback until August 7. ✅ The process of updating UCITS will need a lot of negotiation. 🛣️ But if approved, this could open new doors for crypto investments across Europe! 🌍💼 👉 https://lnkd.in/dd2cF3tc 👇 Let’s help this post reach more people! 🪙 #CryptoRegulation #UCITS #ESMA #CryptoInvestments #MiCA #BitcoinETFs #InvestmentFunds European Securities and Markets Authority (ESMA) The Pool Marbella Alastria Blockchain Ecosystem Inbar Preiss DL News

Excitement surrounds Turkey’s digital asset market as the Capital Markets Board of Turkey (CMB) announces a list of 47 crypto companies seeking licenses under the newly enacted ‘Law on Amendments to the Capital Markets Law.’ Signed by President Erdoğan on July 2nd, this groundbreaking legislation highlights Turkey's dedication to a regulated and transparent crypto environment. 📜 Among the applicants are major global players such as Binance, OKX, and Bitfinex, underscoring Turkey’s position as the fourth-largest crypto market worldwide with a remarkable trading volume of $170 billion. 🌍 While these companies are adapting their operations to align with the new regulations—like Binance modifying its Turkish services—their full authorization remains pending until secondary legislation is introduced. This forthcoming law will define essential industry terms and shape the future of crypto asset management in Turkey. 🏛️ Observers should stay tuned for further developments as Turkey continues to transform its crypto landscape. 🔍 #CryptoNews #TurkeyCrypto #Blockchain #DigitalAssets #Regulation #Finance #CryptoLicensing

#News #cryptoexchanges #FSCA #SouthAfrica South Africa to License 60 Crypto Exchanges in Regulatory Milestone: South Africa is set to become one of the first countries in Africa to mandate licenses for crypto exchanges. Sixty digital asset platforms should have their permits, guaranteeing that companies follow legal requirements by the end of this month. The Commission of the Financial Sector Conduct Authority (FSCA) disclosed this today in an interview with […] The post South Africa to License 60 Crypto Exchanges in Regulatory Milestone appeared first on Coinscreed.

**Navigating MiCA: European Crypto Exchanges on the Clock** The clock is ticking for European crypto exchanges as the Markets in Crypto-Assets (MiCA) compliance deadline approaches in December 2024. This groundbreaking regulation by the European Union is set to overhaul the digital finance landscape, placing significant pressure on cryptocurrency companies to align with new operational standards. The regulation aims to enhance transparency and establish a unified framework to protect investors and promote market integrity. As these exchanges prepare for MiCA, there's a looming question of enforcement risks. Failing to meet the standards could result in substantial penalties, shaking the confidence of stakeholders. Leading players in the crypto space are already reassessing their operational strategies to ensure compliance while maintaining competitive in a rapidly evolving market. Firms like Binance, Coinbase, and Kraken are at the forefront, strategizing to meet these new regulatory demands head-on. The narrative surrounding MiCA is pivotal not only for compliance but also for the future of digital finance in Europe. As these changes unfold, it's crucial for industry leaders to engage in dialogue, share strategies, and collaborate towards sustainable growth. The impact of MiCA will undoubtedly stretch beyond Europe, influencing global crypto policies and practices. How do you see MiCA shaping the future of crypto exchanges in Europe and beyond? #MiCA #CryptoRegulation #DigitalFinance #EuropeanUnion #CryptoExchanges #ComplianceChallenge

𝐖𝐢𝐭𝐡 𝐌𝐢𝐂𝐀 𝐞𝐧𝐭𝐞𝐫𝐢𝐧𝐠 𝐢𝐧𝐭𝐨 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐭𝐡𝐢𝐬 𝐲𝐞𝐚𝐫, 𝐞𝐱𝐩𝐞𝐜𝐭 𝐚 𝐭𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐯𝐞 𝐲𝐞𝐚𝐫 𝐚𝐡𝐞𝐚𝐝 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐄𝐔 𝐜𝐫𝐲𝐩𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭. Together with Dante A. Disparte, we wrote a short article on the Bretton Woods Committee outlining what to expect and how MiCA will likely impact the crypto market structure 👇 • The EU market is projected to localize, institutionalize, professionalize and likely consolidate. • Stablecoin offerings, both local and global, will either comply or ultimately vanish from the EU market in the short to mid term, as evidenced by recent announcements from exchanges. • We expect increased growth and competition for Euro-denominated stablecoins. • Foreign, unregulated exchanges will face significant restrictions, making it exceedingly difficult, if not impossible, to operate on a reverse solicitation basis. • A substantial portion of MiCA's implementation work still lies ahead of us and only its practical success will matter in a few years. • The longer the regulatory vacuum for crypto persists in the U.S. and UK as two key jurisdictions, the greater the global impact of MiCA standards is likely to be. Will MiCA be to crypto what GDPR was to privacy? See the full blog post: https://lnkd.in/edTfJ6QW #MiCA #crypto #EU #impact

⚖️MiCA: A Balancing Act Between Regulation and Innovation The Markets in Crypto-Assets Regulation (MiCA) is set to reshape the European crypto landscape. This landmark legislation aims to create a unified regulatory framework for crypto-assets, providing greater clarity and consumer protection. 📝Key Provisions of MiCA: ✅Licensing: Introduces a licensing regime for crypto-asset service providers (CASPs), ensuring compliance and oversight. ✅Consumer Protection: Mandates transparency, disclosure, and information requirements for issuers and offerors of crypto-assets. ✅Market Integrity: Establishes rules for trading venues and custodial wallets to maintain market integrity and reduce risks. ✅Cross-Border Operations: Enables authorized CASPs to operate across EU member states, fostering a more unified market. 💡Potential Impact on the European Crypto Industry: ✅Increased Investor Confidence: MiCA's regulatory framework could boost investor confidence by providing a safer and more transparent environment. ✅Innovation Catalyst: Clearer rules can foster innovation and attract more businesses to the European crypto market. ✅Regulatory Certainty: MiCA offers legal certainty for crypto-asset firms operating in the EU. As MiCA approaches implementation, it's crucial to monitor its impact on the European crypto industry. While it presents opportunities for growth and development, it also introduces new regulatory hurdles that firms must navigate. What are your thoughts on MiCA and its potential impact on the European crypto market? #MiCA #CryptoRegulation #EU #Blockchain #Innovation #crypto #cryptomarket #cryptocurrencies #europe #regulation #europeanmarkets #cryptoassets

✒ Good news for Hong Hong and APAC as the local regulators move ahead clarifying tokenized securities use and setting a good fundament for further growth of our ecosystem. See below Forbes article by Sean Lee: ✒ 💡 As 2024 begins, Hong Kong emerges once more in the crypto regulatory spotlight, showcasing its commitment to embracing cryptocurrency and blockchain technology. Recent policy briefs from the Securities and Futures Commission (SFC) and Hong Kong Monetary Authority (HKMA) underline their dedication to offering clear regulations and safeguarding investors. The SFC's Tokenization Circulars address risks and regulatory requirements for intermediaries engaged in tokenized securities activities, stressing compliance with existing regulations and the need for adequate disclosures. Another circular outlines requirements for authorizing public offerings of investment funds with exposure to virtual assets, setting criteria for management companies, eligibility of virtual assets, investment strategies, and custody standards. Meanwhile, the HKMA proposes a regulatory regime for stablecoin issuers, aiming to manage associated risks, ensure transparency, and align with global standards. These developments showcase Hong Kong's proactive stance in regulating the crypto industry, aiming to foster innovation while ensuring market stability and investor protection. Hong Kong's regulatory frameworks position it as a global hub for digital asset innovation, with ongoing adaptability crucial to addressing emerging challenges in the crypto landscape. https://lnkd.in/d_p7Cy5N #web3 #digitalassets

🌏 Discover the Advantages of RWA Tokenization in Switzerland With Company DAO We’re kicking off our series on new jurisdictions with a focus on Switzerland—a country renowned for its stability and innovative financial landscape. ➡️ Benefits of Tokenizing Assets in Switzerland:   1. Stability and Security: Switzerland is known for its robust financial services and strong privacy laws, ensuring your investments are secure.   2. Innovation-Friendly Regulations: The country’s legal framework supports fintech innovations, making it an ideal environment for blockchain and tokenization projects.   3. Established Financial Market: With a well-established financial infrastructure, Switzerland offers reliable support for various types of assets, including real estate, art, and intellectual property. ➡️ Recent Legal Aspects:   1. Regulatory Clarity: The Swiss Financial Market Supervisory Authority (https://www.finma.ch/en/) provides clear guidelines for blockchain and tokenization, promoting a transparent and predictable regulatory environment.   2. DLT Laws: Recent Distributed Ledger Technology (DLT) laws further enhance the legal framework for digital assets, making Switzerland a leader in this space. Stay tuned for our next feature on the British Virgin Islands (BVI)—an ideal choice for efficient and flexible asset management! 📌 Ready to tokenize your assets? Get started with CompanyDAO.org and leverage the benefits of these top jurisdictions! #CompanyDAO #Updates #Document #Tokenization #RWA #SPV #Jurisdictions #Swirzerland