- MiCAR is the almost final version and raises many questions about regulation.
- There is a dispute as to whether NFTs fall under MiCAR.
- There are discussions as to whether only NFT service providers should be regulated.
- The EU is pursuing more comprehensive regulation in the crypto sector.
- The events surrounding FTX and Binance are having a negative impact on regulation.
- Some in the industry are calling for a reduction in regulation.
- Future articles will support start-ups in the crypto sector.
Presumably the final version of MiCAR can currently be found here. This is really a lot of reading material and currently numerous colleagues in the field are arguing about what is really in it, how things are meant, whether NFT fall under MiCAR or not, whether only NFT service providers should be chained or what exactly the EU intends to do with the regulation of the sectors.
What is clear is that current events surrounding the crypto exchange FTX and the actions of Binance are certainly not helpful in getting the European Union to “regulate less” as some in the industry have called for.
However, I will deal with MiCAR and the most important points in a few articles in the future in order to provide startups in particular with a guide in this area.
