As of December 30, the implementation phase of the Markets in Crypto-Assets (MiCA) framework has come to a close, allowing authorities to enforce rules on certain crypto service providers operating within the European Union.
New Regulatory Landscape
The MiCA framework aims to establish a comprehensive regulatory environment for the crypto industry in the EU. With the implementation phase now complete, authorities can begin enforcing rules on crypto service providers, marking a significant milestone in the regulation of the industry.
No Direct Impact on Ongoing Voting Event
Meanwhile, the 5th PANews Annual Selection and PARTY AWARD 2025 is currently underway, with nearly 300 projects and individuals vying for recognition. The event, which is open for voting, aims to identify pioneers pushing Web3 and Crypto into the mainstream. The outcome of the voting event is not directly affected by the new regulations.
Disclaimer
This article is for informational purposes only and does not constitute investment advice.
Source: Panewslab.com
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