European Union – Page 30

3 takeaways from the European Union’s MiCA regulations

The European Union’s Markets in Crypto-Assets regulation could stifle innovation and increase compliance costs for the crypto industry.

High-risk tools will not be banned entirely, though they will be subjected to stricter transparency procedures.

Future regulation is intended to ensure uniform regulation for all European countries and covered participants.

The bill will classify the risk of AI tools and force developers of generative-AI applications to disclose the use of any copyrighted materials.

While anonymity still stands as the core issue of a European CBDC, the inevitable competition with private banks also raises questions.