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Navigating Crypto Regulations: Insights from the EU and UK Frameworks
This chapter delves into the Markets and Crypto Asset Regulation (MICA) in the EU, outlining its extensive framework for stablecoin issuers. It compares MICA's clarity and rigorous standards with the regulatory ambiguity faced in the UK and the U.S., while stressing the need for public engagement and transparency in shaping these regulations.