- April 20, 2023
- Posted by:AssetManagement
MiCA Regulation adopted by European Parliament (20.04.2023)
The single framework now needs to be approved by the European Council before it finally comes into force. This applies to all EU member states and regulates the various areas of the crypto segment. In this set of rules, the regulations for crypto service providers are anchored in a uniform manner. This is intended to create binding legal certainty for all market participants. From the point of view of the EU representatives, the 400-page document is intended to guarantee the security of investors in particular. However, points on decentralized finance (DeFi), lending and staking as well as NFTs (non-fungible tokens) still seem to be missing. In this regard, work is already underway to expand MiCA. The individual provisions are expected to be introduced by mid-2024 to early 2025.(Source)
- Growth through innovation/creativity:
Rather than being constrained by ideas for new products, services and new markets coming from just a few people, a Thinking Corporation can tap into the employees.
- Increased profits:
The corporation will experience an increase in profits due to savings in operating costs as well as sales from new products, services and ventures.
- Higher business values:
The link between profits and business value means that the moment a corporation creates a new sustainable level of profit, the business value is adjusted accordingly.
- Lower staff turnover:
This, combined with the culture that must exist for innovation and creativity to flourish, means that new employees will be attracted to the organisation.