Bankless EU Markets in Crypto-Assets (MiCA) with Seth Hertlein, Patrick Hansen, & Rebecca Rettig
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Feb 18, 2023 
Join Rebecca Rettig, Chief Policy Officer at Polygon Labs, Seth Hertlein, VP of Policy at Ledger, and Patrick Hansen, Director of EU Strategy at Circle, as they dive into Europe's groundbreaking MiCA regulation. They discuss how this legislation aims to create a unified crypto framework across EU member states by 2024, the implications for stablecoins, and the challenges of self-custody regulations. The trio also compares EU and U.S. regulatory approaches, weighing innovation against the need for consumer protection.
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EU vs. US Crypto Regulation
- EU lawmakers are seemingly evaluating crypto more objectively than the U.S.
- They're proposing legislative frameworks, unlike the U.S.'s current approach.
MiCA's Origin
- MiCA originated as the EU's response to Facebook's Libra/Diem project.
- Policymakers feared losing the next wave of the internet to U.S. giants.
MiCA Overview
- MiCA is a comprehensive regulatory package covering various aspects of crypto, including token offerings and stablecoins.
- It aims to harmonize crypto regulations across the 27 EU member states.