Crypto is no longer the domain of nerds and outcasts living in their basement and mining digital coins.
Is crypto space becoming more friendly for newcomers?
The better the regulation, the easier it is for the company to flourish as it does not have to worry about the lack of regulation. Therefore without proper directives, companies have no clear path to follow in order to obey the law and not be sued in the future.Well… not in the financial world. One of the most important legal decisions concerning the crypto industry is coming to European Union. In the following months we will witness the final form of the Markets in Crypto-Assets regulation, also known asIn short, MiCA’s aim is to thoroughly regulate the market of crypto assets in the European Union, making it easier for the companies to operate in EU countries.
The point I wish to make here is that the regulatory foundations are crucial to making long-term plans and becoming a leading figure in the crypto asset industry.The vision of anonymous crypto transactions and detachment from the state always has been of great importance to many individuals in the crypto space. However, crypto will not be allowed to grow as an industry without proper regulations. It is a sad truth we all have to embrace.
Why across the continents? Because the laws have to be mutually accepted and introduced to provide a friendly environment for the industry to grow despite the location.What if, on top of regulating crypto assets, we will establish Bitcoin as a legal tender in the country? El Salvador followed the path of becoming the first country to adopt Bitcoin as a legal tender, in other words, accepting Bitcoin as a currency.
Tether was the first stablecoin, out of the main ones today, that got introduced to the market in 2014 and started trading in 2015. The second largest stablecoin by market capitalization is the USD Coin , issued by Circle and entered the market in the second half of 2018. The third most common stablecoin DAI was issued at the end of 2017 as the Ethereum smart contracts involving DAI stablecoin were officially launched.
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