Some of Europe’s largest banks are developing crypto solutions thanks to the regulatory clarity provided by the MiCA framework.
Some of the European Union’s largest banks are looking to enter the crypto industry as a result of clarity offered by the bloc’s adoption of the Markets in Crypto-Assets Regulation (MiCA).
Lukas Enzersdorfer-Konrad, the deputy CEO of Bitpanda, told Cointelegraph:
In May 2023, the European Council adopted the first comprehensive legal framework for the crypto industry. The MiCA framework aims to protect investors through more rigorous transparency standards and Anti-Money Laundering (AML) rules.