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Mica

All articles tagged with #mica

Google Chrome 115 Update: Windows 11 Design Enabled, Urgent Warning for Users, and Offline Installer
technology2 years ago

Google Chrome 115 Update: Windows 11 Design Enabled, Urgent Warning for Users, and Offline Installer

Google Chrome version 115 introduces a new feature called Mica, which allows users to utilize the Windows Mica material for enhanced personalization. By enabling the Mica flag in the Chrome flags menu, users can enjoy a visually appealing effect that adjusts in real-time with their desktop theme and wallpaper. The Mica effect seamlessly transitions to a neutral hue when the app is inactive, aiding user concentration. Users can follow specific steps to enable Mica in Chrome, and it is compatible with high-contrast modes and certain fallback scenarios. This update improves both the functionality and aesthetics of Google Chrome.

"EU's Crypto Regulations: Progress and Challenges Ahead"
cryptocurrency-regulation2 years ago

"EU's Crypto Regulations: Progress and Challenges Ahead"

Despite the Markets in Crypto Assets (MiCA) being signed into law, the CEO of Btc. x believes that the European Union (EU) needs to do more lobbying of different regulators in Europe and work with different governments to implement the crypto framework stated in MiCA. He also noted that governments like Sweden are reluctant to issue new licenses for crypto companies, which could delay the progress of the framework. The CEO remains optimistic about Bitcoin and highlighted the rise of the mining industry with companies like Intel entering and manufacturing mining machines.

EU Implements Comprehensive Crypto Regulations with MiCA Framework
cryptocurrency-regulation2 years ago

EU Implements Comprehensive Crypto Regulations with MiCA Framework

A study commissioned by the European Parliament recommends that all crypto assets should be treated as securities by default, unless a national regulator says otherwise. The report also suggests that decentralized finance (DeFi) organizations should be granted legal status. The findings come as the EU finalizes its Markets in Crypto Assets (MiCA) regulation and considers whether a sequel will be needed to cover areas like DeFi, staking, and non-fungible tokens (NFTs). The report warns that without changes, MiCA may struggle to have positive short-term effects due to difficulties in enforcing its rules in an opaque cross-border context.

EU Implements Comprehensive Crypto Regulations with MiCA Legislation
cryptocurrency-regulation2 years ago

EU Implements Comprehensive Crypto Regulations with MiCA Legislation

The European Union has signed its Markets in Crypto Assets (MiCA) regulation into law, which offers crypto exchanges and wallet providers a license to operate across the 27-nation bloc and requires stablecoin issuers to hold appropriate reserves. The law will take effect between 12 and 18 months later. The EU also signed a separate anti-money laundering law that requires crypto providers to verify their customers' identity when they transfer funds. The next stage of EU crypto regulation may cover topics such as staking, non-fungible tokens, and decentralized finance.

EU leads the way with comprehensive crypto regulations, leaving US behind.
cryptocurrency-regulation2 years ago

EU leads the way with comprehensive crypto regulations, leaving US behind.

The European Union has given final approval to its Markets in Crypto Assets (MiCA) rules, making it a global leader in regulating the cryptocurrency sector. The rules will cover stablecoins, digital tokens, trading platforms, and digital wallets, but not bitcoin itself. Crypto companies will need approval to operate in the EU and will be held liable if they lose investors' assets. The rules aim to improve transparency, combat money laundering, and maintain financial stability. The rules will start taking effect in phases from July 2024.

New Twitter CEO Welcomed by Musk Amidst Financial and Transformational Changes.
cryptocurrency2 years ago

New Twitter CEO Welcomed by Musk Amidst Financial and Transformational Changes.

Elon Musk announced Linda Yaccarino as Twitter's new CEO, and plans to transform the platform into X, his envisioned "everything app" that may include crypto payments. Coinbase CEO Brian Armstrong praised the UAE's clear crypto regulations, while MiCA is attracting capital and entrepreneurs to Europe. U.S. President Joe Biden positioned himself against "wealthy crypto investors" looking for tax loopholes. Bitcoin mining revenue is at its highest in over a year, and Tether's Q1 revenue outpaces Blackrock. Ethereum staking is "up only," and Texas lawmakers voted to include digital currencies in the state's Bill of Rights. The U.S. Chamber of Commerce filed an amicus brief in support of Coinbase's ongoing court petition to clarify SEC rules.

Ukraine and EU Lead the Way in Crypto Regulation
cryptocurrency-regulation2 years ago

Ukraine and EU Lead the Way in Crypto Regulation

Ukraine plans to adopt the crypto market rules approved by the European Parliament, with draft provisions almost ready and talks with stakeholders set to begin soon. The Lviv Office of the State Tax Service of Ukraine has clarified that income from the sale of cryptocurrencies is included in the total annual taxable income for private individuals. The country's crypto tax rules are yet to be introduced, but the bill "On Virtual Assets" is expected to enter into force after relevant amendments to the Tax Code are approved by the Verkhovna Rada.

"EU Crypto Industry Anticipates Future Regulations After MiCA Approval"
cryptocurrency-regulation2 years ago

"EU Crypto Industry Anticipates Future Regulations After MiCA Approval"

The EU's approval of the Markets in Crypto Assets (MiCA) regulation has been welcomed by the crypto industry, with many seeing it as a positive step towards protecting consumers and ensuring financial stability. MiCA requires exchanges and wallet providers to obtain a license and stablecoin issuers to hold appropriate reserves. However, attention now turns to the details that need to be filled in, including the 12-18 month transition period and the drafting of implementing measures by EU agencies. The law will be enforced by individual national regulators in the bloc’s 27 member states, and some are concerned that countries could impose extra hurdles or undercut each other in a bid to attract business.

Bitcoin's Volatility Continues Amidst Regulatory Uncertainty and Market Turmoil.
cryptocurrency2 years ago

Bitcoin's Volatility Continues Amidst Regulatory Uncertainty and Market Turmoil.

Bitcoin's decline below $28K is attributed to US regulatory woes and market liquidity heavily tilted towards Asia, according to Mark Connors, head of research at Canadian crypto asset manager 3iQ. Meanwhile, the European Parliament has passed the Markets in Crypto-Assets (MiCA) regulatory framework and a separate crypto-related rule known as the Transfer of Funds regulation, providing a comprehensive set of rules for crypto companies operating in the 27-nation strong trading bloc. The US, on the other hand, remains disjointed and counterproductive in its regulatory efforts, causing market volatility and prompting regulatory reboots by many players.

EU Passes Landmark Crypto Regulation Framework.
cryptocurrency-regulation2 years ago

EU Passes Landmark Crypto Regulation Framework.

The European Parliament has approved the Markets in Crypto Act (MiCA), the world's first comprehensive package of rules aimed at regulating the cryptocurrency industry. The legislation seeks to reduce risks for consumers buying crypto assets and will mean providers can become liable if they lose investors' crypto-assets. The rules will impose a number of requirements on crypto platforms, token issuers and traders around transparency, disclosure, authorization, and supervision of transactions. Stablecoins like tether and Circle's USDC will be required to maintain ample reserves to meet redemption requests in the event of mass withdrawals. The European Securities and Markets Authority (ESMA) will be given powers to step in and ban or restrict crypto platforms if they are seen to not properly protect investors or threaten market integrity or financial stability.

EU Passes Landmark Crypto Regulation Framework.
cryptocurrency-regulation2 years ago

EU Passes Landmark Crypto Regulation Framework.

The European Parliament has passed the Markets in Crypto Assets (MiCA) legislation, which will bring in new rules for the cryptocurrency industry across the 27-country bloc. The legislation means that the EU will have a unified approach to crypto asset regulation across all 27 member states, making it possible for firms approved in one country to “passport” their business into others with minimal additional paperwork. To achieve initial approval, firms will face much higher standards of disclosure, including the preparation of a detailed white paper for each asset offered. Stablecoin issuers, meanwhile, are subject to even tighter rules, including holding sufficient cash to back up customer funds.

EU Parliament Passes MiCA Crypto Regulations to End 'Wild West' Era.
cryptocurrency-regulation2 years ago

EU Parliament Passes MiCA Crypto Regulations to End 'Wild West' Era.

The European Parliament has approved a new crypto licensing regime, Markets in Crypto-Assets (MiCA), and a separate law known as the Transfer of Funds regulation, which requires crypto operators to identify their customers to prevent money laundering. The EU is the first major jurisdiction to introduce a comprehensive crypto law. The rules will start applying from next year, and the European Securities and Markets Authority will announce its timetable for drafting secondary legislation under MiCA. The EU aims to protect consumers, safeguard financial stability, and market integrity.