• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

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

user avatar

by Giorgi Kostiuk

2 years ago

  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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Market Risks Persist as DePIN Sector Grows

chest

The DePIN sector is experiencing growth, but market risks remain high due to broader economic conditions.

user avatarKofi Adjeman

Virtual Protocol and Akash Network Expand AI Agent and Compute Capabilities

chest

Virtual Protocol and Akash Network have achieved significant milestones in AI agent deployment and cloud compute capacity.

user avatarNguyen Van Long

Internet Computer and Chainlink Drive AI and Oracle Innovations

chest

Recent developments from Internet Computer and Chainlink highlight significant advancements in AI and oracle technologies, including reduced inflation and enhanced support for decentralized applications.

user avatarSatoshi Nakamura

APEMARS Introduces Urgency with Ticking Mechanism

chest

APEMARS has implemented a ticking mechanism that creates urgency for investors as tokens sell out quickly.

user avatarRajesh Kumar

APEMARS Implements Token Burns and Referral Rewards

chest

APEMARS has introduced token burns and a referral rewards system to enhance community engagement and value.

user avatarJesper Sørensen

Iran War Drives Up Borrowing Costs and Inflation

chest

The ongoing conflict in Iran has led to a significant increase in borrowing costs for US consumers, with rising mortgage rates and inflation pressures.

user avatarLucas Weissmann

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.