The Mango DAO has rejected the proposal to pay $700k to the | Ansh Shivhare on Binance Square

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The Mango DAO has rejected the proposal to pay $700k to the as Mango Markets' settlement with the US SEC of securities violations.

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🇪🇺 The EU’s MiCA Rules: A New Era in Crypto Regulation Effective December 30, 2024, the EU's Markets in Crypto-Assets (MiCA) regulations usher in a strict compliance regime for crypto firms operating in Europe. This landmark legislation seeks to harmonize crypto regulation, ensuring investor protection and fostering innovation within the blockchain industry. 🔒 USDT Restrictions in the EU One significant impact of MiCA is the potential delisting of Tether's USDT across the EU due to its non-compliance with MiCA’s transparency and reserve requirements. This development highlights the increasing scrutiny on stablecoins, especially asset-referenced tokens, under the new rules. 💡 What EU Users Should Do Don't panic: Your funds are safe. If you hold USDT, it’s prudent to plan ahead. Switch to MiCA-compliant stablecoins: Consider converting your holdings to alternatives like USD Coin (USDC), which meets MiCA standards. Stay informed: Keep track of exchange updates and MiCA-compliance announcements to ensure uninterrupted trading and investing. 📈 How MiCA Impacts the Crypto Market Increased transparency: Issuers of stablecoins and crypto-assets must adhere to strict reporting and reserve requirements. Unified framework: MiCA eliminates fragmented regulation across EU member states, fostering cross-border growth. Stronger consumer protection: MiCA mandates clear disclosures and guarantees for stablecoin reserves, boosting trust in digital assets. 🚀 Opportunities for Investors and Firms Emerging MiCA-compliant projects: Watch for new crypto firms and platforms aligning with MiCA rules, offering safer investment options. Institutional adoption: MiCA’s clarity and legal certainty may encourage traditional financial institutions to enter the crypto space. By embracing these changes and adapting to the MiCA framework, both users and firms can position themselves for long-term success in the evolving crypto landscape.

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