MiCA Is Live: How New EU Regulation Will Affect The Global Crypto Market
Article
Authors
Sofiya
Publisher
Bitcoin World
Web URL
https://bitcoinworld.co.in/mica-is-live-how-new-eu-regulation-will-affect-the-global-crypto-market
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Implementing KYC and AML protocols will definitely increase crypto companies' operating costs, and users will ultimately pay for it.
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Alexander Ray, CEO and co-founder of Albus Protocol, notes that new regulations will require all organizations involved in business transactions using asset-linked tokens to implement many regulatory measures, such as KYC and AML protocols.
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MiCA is a regulatory framework that clarifies and uniformly regulates the cryptocurrency market. It defines digital asset classification and specifies laws and areas of responsibility for their implementation
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