XION, a walletless blockchain, announced its compliance with EU regulations by releasing the first MiCA whitepaper for L1 network on mainnet.
XION’s Compliance with MiCA Regulations
XION is the first L1 blockchain to release a whitepaper compliant with MiCA regulations in the EU. This aligns with requirements for issuers and those seeking trading of crypto-assets within the EU, ensuring transparent access for institutions and individuals interacting with its ecosystem.
XION’s Innovations for Web3
XION’s mission is to make Web3 accessible to everyone. Innovations include Generalized Abstraction, Meta Accounts, and Parameterized Fee Layer, simplifying blockchain interactions. This allows XION to strengthen the infrastructure for mainstream adoption of Web3 applications.
Significance of XION’s Achievement
Compliance with EU regulations provides institutions with access to a blockchain offering regulatory clarity and usability. XION attracts leading brands for integration into Web3, reinforcing its position in expanding access for all internet users.
Ensuring MiCA compliance marks a new step for XION towards expanding access to its ecosystem, laying the groundwork for future expansion and wider access.
