"The MiCA Act is about to be fully implemented, and $USUAL has a golden opportunity!"

The first cryptocurrency regulation bill passed by the European Parliament will be implemented as early as next year. The European Union (EU) Parliament has passed a comprehensive bill to regulate virtual currencies.

The European Parliament passed the "MiCA" bill, a package of virtual currency regulation, with 517 votes in favor and 38 votes against, and a separate bill requiring virtual currency companies to identify customers to prevent money laundering, with 529 votes in favor and 29 votes against.

The European Parliament's legislation is the first in the world to regulate the cryptocurrency industry, ahead of the United States and the United Kingdom. "The bill will impose multiple requirements on cryptocurrency platforms, coin issuers and traders in terms of transaction transparency, disclosure, authorization and supervision," the European Parliament said in a statement.

In order to reduce the risk of consumers buying virtual currencies, the bill makes virtual currency providers liable when investors lose their virtual currency assets, virtual currency platforms must inform investors of the risks associated with operating the platform, and new currency sales must also comply with regulatory aspects. Platform operators must also prepare sufficient stablecoin reserves, such as USDC, in case investors withdraw large amounts.

European regulators (ESMA) have been given the power to intervene directly if cryptocurrency exchanges fail to adequately protect investors or undermine financial stability. #ETH持续飙升