Today, the MiCA Crypto Alliance was launched with key blockchain players Ripple, Hedera, and Aptos Foundation joining as founding members.
Formation of MiCA Crypto Alliance
The new MiCA Crypto Alliance is backed by the DLT Science Foundation and aims to help crypto firms effectively navigate new European Union regulations, particularly the MiCA regulation. Ripple (XRP), Hedera (HBAR), and Aptos Labs (APT) have joined forces to improve transparency and encourage innovation in blockchain technology.
MiCA Regulation
The MiCA regulation is part of the EU’s broader initiative to create a safe and innovative digital asset environment. It requires service providers in the crypto space to publish details on how climate change affects their operations. This regulation demands strict disclosures to ensure transparency and sustainability.
Support and Tools for Alliance Members
Many firms struggle to meet MiCA requirements due to the lack of a standardized process. The MiCA Crypto Alliance seeks to address this by offering members access to advanced tools that streamline compliance. These tools will assist with sustainability assessments and white paper creation, making it easier for firms to meet the required standards. The DLT Science Foundation plans to work closely with businesses and developers, providing strategic guidance and technical support to members of the alliance.
The MiCA Crypto Alliance will help crypto firms comply with new regulations without being overwhelmed by the complexity of crypto-specific requirements. The DLT Science Foundation will provide strategic guidance and technical support to alliance members, helping them adapt to the evolving regulatory environment.
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