Saturday, 3 June 2023

Crypto News

EU’s move to approve MiCA crypto rules

EU’s move to approve MiCA crypto rules

  • EU regulators have approved MiCA regulations

  • MiCA could pave the way for innovative crypto projects to prosper

  • MCADE price has retreated, although it could rise 10 times

Europe’s first comprehensive rules for crypto regulation are fast becoming law. Regulators in the region approved the Markets in Crypto-Assets (MiCA) rules on May 16 in what is seen as the first step towards getting crypto into a legal framework. Analysts think MiCA is a good development for crypto and will usher in a new era of quality investments. That comes even as Metacade grows popular among investors. With upcoming regulatory changes, the potential for innovative projects with solid use cases like Metacade to flourish is so high.

The MiCA regulations and what it means for crypto

MiCA rules are expected to be implemented beginning in 2024. It will compel firms that trade, issue, and hold cryptocurrencies, stablecoins, and tokenized assets within the EU to have a licence. According to Sweden’s finance minister Elisabeth Svantesson, MICA will protect the EU citizens who have invested in digital assets. That comes amid recent market events and the susceptibility of crypto to abuse.

Of essence is also the desire of the European authorities to foster innovation and make the crypto-sector attractive. In other words, MiCA doesn’t intend to stifle crypto but promote it. That defeats fears over the potential for regulators to stifle or ban crypto. 

What is Metacade, and why has it been a sensation?

Metacade is a Web 3.0 community hub for gamers. The platform is built on the Ethereum network. Web 3.0 gaming and blockchain enthusiasts can interact, connect, and share exciting experiences and earn through GameFI initiatives. With a fun and exciting virtual hangout for gamers, Metacade also seeks to become the ultimate gateway to the Metaverse world.

Metacade became a sensation when it launched, with its presale selling out quickly, thanks to a strong community of Web 3.0 gamers and investors. In particular, investors are attracted to the gamefi economics of the platform, which seeks to make Metacade a self-sustaining arcade. Investors can speculate on the native token MCADE or stake it for passive income. By owning MCADE, investors have exclusive access to the Metacade platform, including participating in various earnings opportunities.

Some of the features that…

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