The Cardano Foundation, a non-profit organization focused on the development and adoption of the Cardano ecosystem, has joined the MiCA Crypto Alliance, an initiative that seeks to facilitate regulatory compliance in the cryptocurrency sector under the European MiCA (Cryptoasset Markets) Regulation.
Within the framework of this collaboration, the Foundation has contributed to the development of a white paper about ADACardano’s native cryptocurrency.
The report, prepared independently by the MiCA Crypto Alliance, with contributions from the Foundation, will serve as a reference resource for trading platforms and token issuers that wish to incorporate ADA, complying with the obligations established by European regulations.
MiCA requires that you publish a white paper for cryptoassets admitted to trading on a cryptoasset trading platform (CATP). This document βis designed to support CATPs in their transparency obligations when supporting ADA for trading or when offering the asset to the public,β stands out MiCA Crypto Alliance.
The collaboration also includes an βupdated templateβ of the white paper of MiCA for Cardano-based tokens, which is based on the most recent regulatory standards of the European regulations for digital assets.
For the MiCA Crypto Alliance, this update “reinforces Cardano’s role as a public digital infrastructure applicable to different industries.” The entity also highlighted: “This move reflects a joint effort between blockchain foundations, compliance experts and legal professionals to offer reference resources.”
This collaboration comes at a time when European authorities are urging caution among cryptocurrency investors. According to a recent statement from the European Supervisory Authorities (ESA), legal protection can vary significantly depending on the type of asset or provider, leaving consumers exposed to risks such as extreme volatility, fraud, cyber threats and the absence of compensation mechanisms. This was reported by CriptoNoticias.
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