The lawmakers and officials have agreed on new regulation policies on digital assets, which could have an impact on the users of cryptocurrency firms. Transaction caps for non-euro stablecoins will be reintroduced into the European Union (EU) to ensure digital currency security. The cap will help to restrict the transactions on stablecoins like $200 million (USD) of non-euro stablecoin transactions per day.
For the last two years, the EU government has wanted to launch the Markets in Crypto Assets (MiCA) framework for the crypto industry. This framework will help to combat crypto fundraising schemes in the EU nations. As a result, the organizations decided to develop a framework that would assist EU nations in maintaining their top position in cryptocurrency payment.
“This effectively means e-money tokens will have problems setting up transactions with EU-based crypto service providers, negatively affecting the market in the EU.”
Last week, investors related to digital …