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

Central Bank of Ireland Imposes Fine on Coinbase Ireland Limited

On October 22, 2023, the Central Bank of Ireland fined Coinbase Ireland Limited 3,252,618 euros for breaches of safeguarding and outsourcing obligations.

user avatarNguyen Van Long

HashKey RWA Introduces First Product in hToken Series

HashKey RWA has launched its first product in the hToken series, aimed at standardizing the issuance of tokenized securities for traditional financial institutions.

user avatarSatoshi Nakamura

Coinbase Announces Discontinuation of GYEN Stablecoin Support

Coinbase has announced the discontinuation of support for the yen-linked GYEN stablecoin as its issuer, GMOZcom Trust Company, retires the product.

user avatarJesper Sørensen

Hong Kong Approves Secondary Trading for Tokenized Money Market Funds

Hong Kong Securities and Futures Commission approves secondary trading for two tokenized money market funds, enhancing trading opportunities and liquidity.

user avatarRajesh Kumar

Bitmine Immersion Technologies Reports Significant Ethereum Holdings

Bitmine Immersion Technologies has filed an update with the SEC revealing significant Ethereum holdings of approximately 605 million ETH and total investments around $15 billion.

user avatarLucas Weissmann

Stellar's Bell Upgrade Introduces Key Infrastructure Enhancements

Stellar's Bell upgrade introduces significant infrastructure improvements, including muxed contract addresses and support for post-quantum signature verification.

user avatarMaya Lundqvist

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.