The crypto industry, which has an increasing influence on financial markets, needs unified regulation, especially the implementation of the EU Markets in Crypto-Assets (MiCA) Regulation.
The First Deputy Head of the NBU, Ekaterina Rozhkova, said that Ukraine, as a candidate for EU membership, planned to approve European standards for regulating cryptoactive markets in order to protect consumers . He said this at a meeting of the Regional Advisory Group of the Financial Stability Board for Europe (FSB Regional Consultative Group for Europe), which includes Ukraine, the NBU press service reports.
According to Rozhkova, the crypto industry, which has an increasing influence on financial markets, needs unified regulation, in particular, the implementation of the Markets in Crypto Assets (MiCA) Regulation of the European Union.
“Since our country has received the status of a candidate for EU membership, Ukrainian legislation should also be adapted to MiCA standards.
As you know, in April 2023, the European Parliament made a historic decision for the crypto-asset market, which approved new general rules for the administration and protection of consumer rights for crypto-currencies – Markets in Crypto assets (MiCA).
We remind you that the price of the most popular cryptocurrency Bitcoin decreased by 7.9%, to $61,842 per coin.
As reported, in January the United States took an important step in legalizing Bitcoin. The SEC allowed fund industry heavyweights BlackRock, Invesco and Fidelity to compete with smaller rivals including Valkyrie to begin trading. After that, the price of the cryptocurrency began to rise rapidly.
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.