The European Union (EU) has formally adopted the Markets in Crypto-assets Regulation (MiCA) to establish a harmonized regulatory framework for Crypto-assets.
MiCA prioritizes consumer protection, the prevention of market abuse, and the maintenance of financial stability within the Crypto-asset market.
MiCA introduces uniform rules for Crypto-asset service providers (CASPs) across all EU member states, encompassing a broad spectrum of digital assets, including cryptocurrencies, stablecoins, and utility tokens.
MiCA seeks to stimulate innovation and enhance competitiveness within the European digital finance sector.
The advantage of an MSO license in Hong Kong extends beyond legal requirements, as it offers a strategic foothold in one of the world’s major financial hubs.
Money Service Operator (MSO) is a person or an institution that operates a money changing service or a remittance service.
The service of money changing, as implied by its name, involves the exchange of different currencies.
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