April 1st Triggers MiCA New Crypto Regulations

BlackRock's Larry Fink mentioned something we all kind of already know and that is "every stock, every bond, every fund, every asset can be tokenized." t is also not surprising to hear BlackRock have registered in the UK today for a crypto license. Not really surprising with what is happening in Europe and now they have had to show their hand.
With crypto regulation in Europe slowly falling into place via MiCA crypto adoption may actually start to speed up as the hand brake looks like it has been released or close to being so. This actually doesn't even feel real due to how much negativity the crypto market has had to suck up over the last 5 years.
Last night at midnight this triggered MiCA regulations regarding stable coins ad that these stable coins need to be backed 1/1 with a reserve of whatever currency they are representing. This why you would have seen in the news today that Binance has withdrawn USDT from being available for trading in 27 EU countries ad hus remaining legally compliant. The other stable coins also affected by this regulation are DAI, TUSD , USDP and a few others being banned from any form of spot trading. The reasons behind this are like we always have heard in the past and that is to protect the investors. Regulators up till now have bee such a caring and thoughtful bunch you would think crypto investors are the most protected individuals on the planet.
MiCA has stated that those financial institutions and individuals that do not embrace crypto and digital currencies risk losing out on a chance to be at the beginning of Europe's fastest growing asset class. They have warned financial institutions to align their services with what they believe will be a growing market demand. Whoever aligns by providing these services will ultimately be well positioned for the future growth. They are definitely trying to create FOMO and have come full circle from the nonsense and negativity they used to write and promote.
There was a report that came out late last week via Bitpanda that they did a survey with over 10 000 businesses and banks/financial institutions across Europe. Some not so surprising results with the banks who on the whole have done very little to get ready for crypto adoption. They blame reputation risks and a lack of crypto knowledge and resources. We know this is utter BS as they have been hoping this day never came as they are the one business that is under threat from lost revenue and deserve what is coming their way. Banks were part of the MiCA regulation with requirements of offering services by not holding adoption back and they need to do so to remain compliant in the EU. It is looking more like the regulators are going to have to drag the banks into the new digital currency age or face fines or lose their operating banking licenses.
As you can see this is actually quite hard to believe with what is currently being stated and at the same time highlights how early all of us are. There are big changes a foot and the importance of growing our portfolio bags has never been more important.
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The Banks saying they’re not ready for crypto is funny as hell. They had years to prepare but just didn’t want to and perhaps it's because they didn't think crypto and Bitcoin would come this far