Close panel. Press Enter. Next year will witness the entry into force of the European regulation on the provision of cryptoasset services, aka the MiCA Regulation, and with it a whole new generation of players is expected to break into the world of digital assets, as indeed prophesied at the 7th Blockchain Forum organized by El Confidencial. After all, the Alpine country has a robust regulatory framework that has proven its worth in fostering innovation in the world of digital assets.
In Spain, the CNMV has already opened the single registry to which new digital asset service operators wishing to start operating in must apply. The entry into force on December 30, of the new regulation on Markets in Digital Assets, or MiCA for short , will offer added legal certainty and stability for the numerous players likely to be involved in this environment.
This European package is the first of its kind worldwide and provides a level of assurance that does not exist anywhere else, as it requires the supervisors of each country to weigh up, in each case, the merits of granting a license to operate as a crypto service provider. MiCA also envisages a transitional period for existing service providers, who have all of in which to catch up with all the requirements needed to gain entry to this register and earn their license.
BBVA continues to explore the potential of these technologies as a major driver in the responsible development of Finance 2. Our mission is to champion the use of these technologies in a responsible manner, by promoting education and ensuring safety in this emerging environment. What are you looking for? Press Enter Predictive Search.
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