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eu regulation miCA transforms digital currency markets and enhances consumer protections
The EU's Markets in Crypto Assets regulation (MiCA) is set to transform digital currency governance, establishing a comprehensive framework that enhances consumer protections and promotes legitimate business operations. By requiring stablecoin issuers to maintain liquid reserves and implement robust cybersecurity measures, MiCA aims to legitimize digital assets as a mainstream financial tool. This regulatory clarity is expected to foster innovation and attract institutional investment, positioning Europe as a leader in regulated digital finance.
turkey enhances crypto regulations while malaysia cracks down on bybit
Turkey is set to implement a new regulatory framework for digital assets in February, tightening anti-money laundering rules and requiring users to share identifying information for transactions over 15,000 Turkish liras. Meanwhile, Malaysia's Securities Commission has ordered Bybit to cease operations for failing to comply with local regulations and flagged Atomic Wallet as illegal, adding to a list of unlicensed operators in the country.
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