The European Parliamentary Research Service (EPRS) highlighted the need for tighter oversight from non-European Union regulators to ensure greater stability and development in the global cryptocurrency market.
As the Markets in Crypto-Assets Regulation (MiCA) Act continues on the road to implementation by December 2024, an EPRS report cited the need for establishing a tighter regulatory framework in non-EU jurisdictions:
“There are yet several channels through which the EU's financial system and autonomy is still at risk as it remains dependent on non-EU countries’ policy actions in the context where the MiCA is applicable.”
Potential implications around financial stability, lower market appeal and mainstream use of stablecoins were the main concerns highlighted by the report’s authors
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HI @bafiti
hope you doing well. We have some restrictive rules on our Steemit platform. You must follow those rules. Copying this post of yours from somewhere else is a violation of our Steemit platform rules. To be a real blogger you must use your creativity. Your content is totally copied from another source. You have to mention or give the link from where you copied content. Otherwise, it will be considered as plagiarism. Also you only can 25% (of course have to mention the source ) of the rewritten article from somewhere else and the remaining 75% have to write on your own. Hope you will try to follow our Steemits rules from now on.
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