Regulation
A catalyst for the European cryptocurrency market
[PRESS RELEASE – Dubai, United Arab Emirates, July 16th, 2024]
Lossthe world’s second largest cryptocurrency exchange by trading volume, supports the recent approval of USDC as the first stablecoin issuer under the European Union’s Markets in Crypto Assets (MiCA) framework. This historic decision marks a significant step towards a more mature and institutionalized cryptocurrency market across the European Union.
The most significant aspect of MiCA is its uniform implementation across all EU member states. This creates a harmonized crypto regulatory environment, eliminating the need for separate approvals for each country. This simplifies operations for licensed crypto companies, allowing them to operate across the EU.
“MiCA represents a significant step towards a more institutionalized European cryptocurrency market, promoting trust and transparency for investors,” said Eugene Cheung, Head of Institutions at Bybit. “This unified regulatory framework will pave the way for a more robust and thriving cryptocurrency ecosystem across the European Union.”
Growth and collaboration according to clear guidelines
Bybit believes that the impact of MiCA will be a positive catalyst for the entire cryptocurrency industry. Clear regulatory guidelines establish a basis for long-term growth and create a safer environment for investors, both institutional and retail.
“Bybit is well positioned to adapt to the evolving regulatory landscape and remains committed to the highest standards,” Cheung continued. “We are excited about the opportunities that MiCA presents to the EU to become a global leader in responsible development of the cryptocurrency industry.”
Bybit looks forward to working with regulators and industry players to navigate this exciting new era for the EU cryptocurrency market. The exchange offers a secure platform for investors and is committed to playing a positive role in shaping a future where innovation thrives alongside responsible regulation.
About Bybit
Bybit is the world’s second largest cryptocurrency exchange by trading volume, serving over 33 million users. Founded in 2018, Bybit provides a professional platform where cryptocurrency investors and traders can find a lightning-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of the reigning Formula One constructors and drivers champions – Oracle Red Bull Racing.
For more details about Bybit: Bybit Print.
For media inquiries: media@bybit.com
For more information: Italian: https://www.bybit.com
For updates: Bybit Community & Social Media
SPECIAL OFFER (sponsored)
Binance $600 Free (CryptoPotato Exclusive): Use this link to register a new account and receive an exclusive $600 welcome offer on Binance (full details).
LIMITED OFFER 2024 on BYDFi Exchange: Up to $2,888 Welcome Reward, use this link to register and open a 100 USDT-M position for free!