XEROF’s Post

Ekaterina Anthony, MBA - thanks for sharing this with the broader ecosystem. This is an important topic that must have world-wide coverage as the Markets in Crypto-Assets Regulation (MiCA) will have global implications. Best practices that will emerge from MiCA will result in world-wide adoption, including the United States. #MiCA #digitalassets #tokens #regulations #compliance #regulations #europeanunion #EUmarket #unitedstates #audit #tax #valuation

Crypto Valley Conference Session dedicated to MiCA: MiCA is gaining speed in adoption. According to panelists, the most advanced countries in implementing the EU crypto regulation are France, Germany, and Liechtenstein. Switzerland, with its own regulation, is also a top European country for regulatory clarity. Under MiCA, for utility tokens, you must produce a proper white paper. If you want to list the token in Europe, the white paper must have proper content and a prospectus, including a description of the technology and information about the issuer—beyond just pictures and basic text. With MiCA, reverse solicitation will be limited while marketing your token. Who will control the implementation and how remains an open question. For example, if you issue your token in Switzerland, distributing it within the EU will not necessarily be easier. The question also arises about listing non-EU issued tokens. If you are targeting EU platforms for listing, it’s better to be issued within the EU.

In 2025, Central and Eastern Europe (CEE) finds itself at the crossroads of a fast-evolving global crypto landscape. With the U.S. taking steps towards a more crypto-friendly environment and the EU tightening its regulatory grip, CEE stands out as a region where businesses can blend compliance and innovation. Learn more here: https://lnkd.in/es4YaWWb #Crypto #CentralEurope #EasternEurope #Finances

MiCA Update: ESMA Releases Key Technical Standards for Crypto Businesses in the EU 🇪🇺 Last week the European Securities and Markets Authority (ESMA) and Markets Authority has released the second Final Report under MiCA, outlining eight draft technical standards crucial for crypto businesses operating in the EU. Key takeaways for crypto businesses: 🌳 Prepare to disclose the environmental impact of your crypto-asset's consensus mechanism. 📜 Demonstrate robust plans for maintaining operations in case of disruptions. 💻 Adhere to specific requirements for publishing pre- and post-trade data on your trading platform. ✒ Implement standardised formats for recording and storing order and transaction data. 👓 Ensure your white papers are machine-readable for easier information accessibility. ✔ Develop clear procedures for disclosing price-sensitive information to prevent market manipulation. This is a critical development for EU crypto businesses. Carefully reviewing these draft standards is essential to ensure compliance with MiCA by the end of 2024. Follow the link in the comments to read more. #EnjoyIT #BalticAmadeus #MiCA

Beyond Speculation: The Rise of Revenue-Sharing Tokens The rise of revenue-sharing tokens is redefining the crypto landscape, bridging the gap between speculative trading and tangible value. In his Enterprising Investor debut, Ned Menton highlights three applications that have taken different approaches to deliver economic value back to their token holders. https://ow.ly/lv5H50UN3AI

Proof of Talk Paris - 2024 - Better Money? Just finished Proof of Talk 2024 in Paris and related side events. Some takeaways to share: 1️⃣ Europe (geographically) is a powerhouse in crypto. Less in investments and trading, but for developers, entrepreneurs, people with concepts as well as well-educated regulators. And France is currently an epicentre. 2️⃣ Adoption in Europe is relatively high. But the allocation of net worth to crypto still is low. I.e. means adoption has started only on qualitative level. 3️⃣ Proof of Talk has now established itself as a rather small, but very business-oriented conference for the well-educated who want to talk as straight as you can on stage. Less marketing, and more content than the bigger siblings. Good to connect. 4️⃣ New use cases are being explored, but I still miss projects that try to crack real nuts instead of adding a 'me too' product with slightly enhanced performance or incentives. While this is a sign of maturity, it has significantly diminishing marginal returns. I would love to see the full potential of crypto to unfold and thus drive real adoption over and on top of 'trading'. 5️⃣ While crypto and Web3 more and more pivots to Gaming, Consumer products (like Memecoins), Education, Pay-to-Earn, etc., the core is to provide an infrastructure that enables less to no 'brokenness' or corruption of the operators in contrast to current infrastructures. Especially the last one is important to me personally and for us as BitMEX. We discussed on stage how CEXes can show that they are trustworthy. And Dr. Saifedean Ammous (The Bitcoin Standard) talked about the civilisational benefits of having an uncorrupted and trusted unit of account with which people can transact borderless, permissionless, censorship resistance. Thus they are enabled to become more long-term oriented and building capital. If money is corrupted, people in term become myopic and destroy society, the environment, and the capital we have. He believes that the right 'money' will crystalise this automatically. I agree that the mindset needs to be supported by money that doesn't destroy beneficial intentions or even incentivise bad behaviour. At the same time, we need to work on both simultaneously. It is like a self-enforcing feedback loop. The right economic framework will show good results only if it includes money with integrity (instead of corrupted money) AND people who are reflective and behaving civilised/ethically (no end should ever justify wrong means). Crypto has led the way technologically on this. Can it even form a nucleus for the universal civilisational and humanitarian aspect? What do you think? Do we have the right people? And thanks to the Proof of Talk team of X Ventures, Karl Leonard Rusche and his team members for organising and execution.   #POT2024 #BitMEX #Bitcoin #Crypto #Cryptotrading #BTC #XBT #Web3 #MoreThanTech

What a way to close the year! 🚀 A milestone for digital assets in the EU! The German Bundestag has passed the Financial Market Digitalisation Act, taking a huge step forward for digital assets adoption in Europe. 🌍 With the new Crypto Market Supervision Act (KMAG) and the implementation of the EU MiCA regulation, Germany is paving the way for a more unified, crypto-friendly financial ecosystem. Let the game begin!🙌

Hong Kong’s Legislative Council just kicked off discussions on the proposed "Stablecoins Bill," a major step toward regulating stablecoin issuers. 🇨🇳 This bill is part of the region’s larger push to become a global crypto hub and requires licenses from the HKMA, robust reserves, and high-quality assets backing the stablecoins. 🚀 #Stablecoins #CryptoRegulation #HongKong

📢 The German Bundestag passes groundbreaking legislation for the digitalisation of financial markets! 🚀 We welcome today’s decision of the German Bundestag and the passing of the Financial Market Digitalisation Act (Finanzmarktdigitalisierungsgesetz). This legislation represents a significant step towards fostering a crypto-friendly environment in Germany. A key highlight is the introduction of the new Crypto Market Supervision Act (Kryptomärkte Aufsichtsgesetz - KMAG), which establishes clear and forward-thinking regulatory frameworks for crypto assets. 🙌 By implementing EU MICA-Regulation 2023/1114, the European market will become accessible to German providers, while Germany’s competitive edge – particularly its extensive expertise in crypto regulation – will be further strengthened. 🌍⚖️ The Crypto Finance Group is already well-positioned for Europe: With its German subsidiary, Crypto Finance (Deutschland) GmbH, the company has held four BaFin licences since the beginning of 2024 and is offering crypto services in Germany. This provides an excellent foundation to drive innovation and enhance access to digital financial markets throughout Europe. 💡📈 #CryptoFinance #DeutscheBörse #CryptoRegulation #DigitalFinance #Innovation #KMAG #BlockchainFuture

Another step closer. I predict that 2025 will be an exciting year for institutional crypto adoption in Europe as MiCA gets activated. Institutions across the board are working on new offerings and gearing up to launch in 2025. Combined with regulatory change in the US, we're setting up for a transformational year in crypto.