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

Visa Introduces Stablecoin-Enabled Prefunding with Inyo Global

Visa has launched its stablecoin-enabled Visa Direct prefunding service in collaboration with Inyo Global, enhancing international money transfer efficiency.

user avatarSon Min-ho

Ripple Prime Introduces Perpetual Swaps for Institutional Clients

Ripple Prime introduces perpetual swaps for institutional clients, allowing them to trade derivatives referencing over 100 traditional markets.

user avatarAyman Ben Youssef

Ripple Highlights Key Trends in Institutional Custody from BCG Report

Ripple discusses key trends in institutional custody for digital assets based on a BCG report, highlighting the importance of governance, interoperability, and security.

user avatarTando Nkube

Solana Enhances Developer Experience with Web3js v31 Release

Solana announces the release of Web3js v31 on October 16, enhancing interoperability with development tools for easier application building.

user avatarKofi Adjeman

Study Proposes Optimizing Validator Leader Schedules for Solana

A study suggests optimizing validator leader schedules for quicker handovers while highlighting potential security tradeoffs.

user avatarNguyen Van Long

SEC Issues New Guidance for Tokenized Securities Trading

The SEC has issued new guidance requiring venues to publish a public operating notice at least 30 days prior to commencing operations for tokenized securities trading.

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.