The Block Crypto News17 minutes ago

Published on June 26, 2024 12:58 GMT+00:00edited on June 26, 2024 13:01 GMT+00:00

The upcoming Markets in Crypto Assets framework will enforce stringent regulatory requirements for stablecoin activity in the European Union that could adversely impact the bloc's cryptocurrency sector, an analyst said. From next Monday onwards, stablecoin activity in the EU must comply with the new requirements following the partial implementation of MiCA across the entire bloc.

Outlier Ventures Head of Research Jasper De Maere said that, because the majority of all stablecoins are USD pegged, it is unlikely that many of them will be able to comply with MiCA in the short term. "The consequences of this after MiCA is implemented is that European citizens might face limited trading access, poor liquidity and no access to more exotic crypto-native investment opportunities," …