EU agrees on landmark regulation to clean up crypto ‘Wild West’

[superadmin]

• The European Commission, EU lawmakers and member states hammered out an agreement on reforms Thursday.
  
• The new law, known as Markets in Crypto-Assets (MiCA), is the first attempt at creating a comprehensive regulatory framework for digital assets in the region.
  
• EU lawmaker Stefan Berger said the rules will “put order in the Wild West of crypto assets.”
  

EU officials on Thursday secured an agreement on what is likely to be the first major regulatory framework for the cryptocurrency industry.

The European Commission, EU lawmakers and member states hammered out a deal in Brussels after hours of negotiations. The move came a day after the three main institutions finalized measures aimed at stamping out money laundering in crypto.

The new rules come at a brutal time for digital assets, with bitcoin facing its worst quarter in more than a decade.

The landmark law, known as Markets in Crypto-Assets, or MiCA, is designed to make life tougher for numerous players in the crypto market, including exchanges and issuers of so-called stablecoins, tokens that are meant to be pegged to existing assets like the U.S. dollar.

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[paleking]

If you really lost money in BTC through some shady forex investment - this has something to do with lack, not luck. Lack of experience and understanding of how the trading market works. No one who’s been trading seriously for even a couple of years and who can qualify for professional trading with Falcon Funded and other serious organizations would ever go into forex like this, especially without regulation, proper licenses, or secure cold wallet backups. Anything that starts with guaranteed returns or successful investors must be viewed with a huge share of skepticism. Because even phrase selection smells like they're aimed at noobs who want instant gratification with no effort.  Become a professional, and don’t believe anything except your own experience and knowledge.