Paul Giordano, vice president of digital assets at MARA, shared his perspective on the European Union’s upcoming Markets in crypto-assets (MiCA) regulation.
MiCA aims to set clear guidelines for the cryptocurrency industry across the EU. As MiCA nears its December implementation, Giordano expects it to bring challenges and benefits to the region’s crypto market, especially for exchanges and users. Giordano is scheduled to discuss these developments at the upcoming Benzinga Future of Digital Assets event.
Compliance and Standardization
According to Giordano, MiCA is “one of the most comprehensive regulatory frameworks for cryptocurrencies to date,” offering guidelines for exchanges on compliance, risk management, and market practices.
He explained that MiCA will require exchanges to adhere to stringent standards, including Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements. Although these standards may raise operational costs for some exchanges, Giordano sees them as ultimately beneficial, as they are expected to increase consumer confidence.
“MiCA will require exchanges …
Full story available on Benzinga.com