Opinion: EU member states may have different interpretations of MiCA, and "complete decentralization" is still controversial
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2024-12-30 14:02 7,322
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Golden Finance reports that the Crypto Asset Market Regulation Act (MiCA) will be fully implemented across the EU on December 30, 2024, Marina, co-founder of the European Crypto Initiative (EUCI) Markezic said the regulation could cause "considerable confusion" in its implementation, as the EU's 27 member states may interpret the regulation differently, which would lead to regulatory consistency challenges in determining which projects and assets fall under MiCA's regulatory scope. There is also great uncertainty at the time, especially the issue of what can be considered "fully decentralized" is still controversial. In addition, there is no consensus on the definition of NFT in the industry, which also leads to whether some tokens are subject to MiCA. There is room for ambiguity in regulation.