The MiCA Crypto Alliance launched today with major blockchain players like Ripple, Hedera, and Aptos Foundation joining as founding members.
Supported by the DLT Science Foundation, the alliance aims to help crypto companies deal more effectively with new EU regulations, especially the regulation of crypto asset markets, According to To a position at DLT Science Foundation.
Ripple (XRP), Hedera (HBAR), and Aptos Labs (APT) have joined forces to improve transparency and encourage innovation in blockchain technology. The DLT Science Foundation, which is also behind the initiative, plans to work closely with companies and developers to foster a compliant and sustainable future for cryptocurrencies.
Mica organization
The MiCA regulation forms part of the EU’s broader efforts to create a safe and innovative environment for digital assets. The regulation requires digital asset service providers to publish details about the impact of climate change on their operations.
This regulation requires strict disclosures from service providers, including centralized exchanges, to ensure transparency and sustainability.
However, many companies struggle to meet these requirements due to the lack of a standardized process. The MiCA Crypto Alliance seeks to address this issue by giving members access to advanced tools that simplify compliance.
According to DLT, these tools will assist in sustainability assessments and the creation of white papers, making it easier for companies to meet the required standards.
For those who don’t know the technicalities, MiCA is a set of rules that aims to make the cryptocurrency world more transparent. Just like traditional financial systems follow regulations to ensure fair operations, the Crypto Asset Markets Regulation ensures that cryptocurrency companies do the same.
By providing tools and resources, the alliance helps companies comply with these new rules without being overwhelmed by the complexities of cryptocurrency regulations. The DLT Science Foundation will provide strategic guidance and technical support to MiCA Crypto Alliance members, helping them adapt to the evolving regulatory environment.
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