Ripple, Hedera, and Aptos Announce Formation of MiCA Crypto Alliance

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. MiCA Compliance
  2. DLT Science Foundation's Role
  3. Significance of the Alliance


    4. The MiCA Crypto Alliance, featuring founding members Ripple, Hedera, and the Aptos Foundation, has officially been formed today. Underwritten by the DLT Science Foundation, it will support crypto firms in better navigating the new European Union regulation on Markets in Crypto Assets (MiCA).

    MiCA Compliance

    The new regulation is intended to compel CASPs to disclose the impact of climate change on their operations. However, many firms are struggling to meet the standards due to a lack of standardized compliance procedures. The MiCA Crypto Alliance helps to overcome this hurdle by giving a suite of tools and resources that make it easier for its members to reach their goals in conformity with the regulation. These tools include sustainability assessments and white paper creation, easing the process for firms seeking to adhere to the MiCA standards.

    DLT Science Foundation's Role

    DLT Science Foundation is leading the alliance through strategic and technical support for its members. The Foundation is engaged with blockchain businesses and developers to ensure that companies will eventually be able to follow MiCA and foster innovation within the industry.

    Significance of the Alliance

    The alliance makes an extension of its mission to support transparency and sustainability in the crypto space by encouraging the use of US dollar-pegged stablecoins.

    The MiCA Crypto Alliance will be a significant step towards creating a transparent and sustainable digital asset ecosystem within the European Union. The support from DLT Science Foundation and active participation from leading crypto companies will help ensure compliance with the new regulations and foster innovation within the industry.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Verona Launches verUSD Stablecoin for AI Payments

Verona has launched a new dollar stablecoin, verUSD, designed for AI payments and machine transactions, with over $100 million in institutional commitments.

user avatarAyman Ben Youssef

Blockchain.com Plans IPO to Enter US Public Markets

Blockchain.com is reportedly preparing for an initial public offering that could raise around $500 million.

user avatarSon Min-ho

Bybit Partners with Franklin Templeton for Innovative Off-Exchange Collateral Program

Bybit partners with Franklin Templeton to allow institutional traders to use tokenized fund shares as collateral without depositing them on the exchange.

user avatarTando Nkube

BTCS Prepares for Tokenized Stocks Trading Under SEC Exemption

BTCS's Imperium unit has completed compliance work for potential trading of tokenized stocks under a new SEC exemption.

user avatarKofi Adjeman

21Shares Announces Staking Distributions for Five Crypto ETFs

21Shares has announced staking distributions for five crypto ETFs, converting on-chain validation rewards into cash payouts for investors.

user avatarNguyen Van Long

Soluna and Bitdeer Expand Bitcoin Mining Partnership

Soluna and Bitdeer are increasing their Bitcoin mining capacity at Project Kati 1 in South Texas, adding approximately 7 MW of mining equipment to reach a total of 35 MW, with completion expected in November 2023.

user avatarSatoshi Nakamura

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.