CX Financia recently participated in “The Vision Forex Forum,” a highly regarded industry event that took place in Limassol on April 26th. During the event, CX Financia’s Xenia Neophytou participated in the panel discussion on “Regulation in 2023: Payments, Crypto, and the Forex Sector,” moderated by Faisal Islam. The main topic of the panel was the Markets in Crypto-Assets (MiCA) regulation, which was recently passed by the European Union to bring clarity and supervision to the crypto-asset industry. The panellists brought unique perspectives and expertise to the discussion, enabling attendees to gain a deeper understanding of the future of the industry.
Understanding MiCA
CX Financia welcomes the new MiCA (Markets in Crypto-Assets) regulation recently passed by the European Union, which brings clarity and supervision to the crypto-asset industry. The regulation is expected to boost crypto adoption, and CX Financia’s Licensing team is committed to providing legal clarity and support to all businesses offering crypto-asset services. The team is ready to assist businesses in navigating the new regulatory environment to boost crypto adoption.
Benefits and Drawbacks of MiCA
The benefits of MiCA include enhanced investor protection and market integrity, increased regulatory clarity and a level playing field for all participants, and the potential for increased adoption of crypto-assets by institutional investors. However, drawbacks include increased regulatory burden and compliance costs, potential reduced innovation in the crypto industry, and uncertainty and complexity surrounding the implementation of MiCA.
Appreciation to Qube Events Team
CX Financia would like to extend its sincere appreciation to the organizers, Qube Events team, for their exceptional organization of “The Vision Forex Forum.” The company highly recommends keeping an eye out for future Qube Events gatherings and extends gratitude to the team for putting together such an outstanding event.
Take advantage of our expertise,at CX Financia
CX Financia’s Licensing team is well-equipped to help businesses navigate the changing regulatory landscape of the crypto-asset industry. Contact us today to learn more about how we can assist you in obtaining new CASP licenses or provide legal advice on navigating MiCA regulations.
