Crypto Adoption One Step Closer

source

Refreshing vote stats in favor of crypto regulation from the vote held on the 20th April at the EU parliament. MiCA stands for Market In Crypto Assets and is the regulation framework moving forward.

Today the MiCA crypto regulation final report was approved in the EU parliament which was expected as this was voted on the 20th April. The vote stats are those above with 517 out of 573 voting in favor of the regulations. I knew the regulations were due to be officially approved this month, but had no idea it was happening so quickly.

When it comes to anything crypto related we are used to seeing a push back with no clear agenda so this is rather refreshing to see. For crypto to move forward it does need some clear guidelines and parameters which I believe the industry has been crying out for. With the EU embracing crypto in this way it allows the entire industry to move forward and the pace will only increase from now on.

MiCA will become the crypto regulation law within the next 6-12 months as the maximum time for this is 18 months from today. The timelines tell us the EU wants this quickly and is not delaying as this fits in with their agenda.

In 2026 the carbon and emissions regulation comes into effect where industries will be taxed if they don't comply. Car manufacturers have been complaining they need more time as they will be monitored from 2025 and they think they need the date pushing back by 1 more year. Volkswagen which is ironic is one of the manufacturers complaining considering their history in the past with fake carbon emission readings.

Make no mistake MiCA was passed through so quickly being approved by all the 27 EU countries as they need the blockchain innovation to manage and regulate other important areas of their agenda. The Carbon border tax is due to be implemented running live in 2026.

What we do know is the VeChain is primed and ready to regulate carbon emissions after having set up their head office in Lichtenstein a few years back. I would never have guessed that the VeChain is set to lead crypto into the adoption world, but it looks that way from all my research over the last 18 months. They are no longer seen as a Chinese blockchain crypto and are fully European now having expanded their team consisting of over 100 developers all based in Lichtenstein's capital Vaduz. All crypto firms have to monitor their impact on the environment as par of the regulation so this is unfortunately the entire EU agenda these days as they are fixated on green initiatives.

What the MiCA regulations have allowed is crypto firms who have been approved to move around all 27 countries without the hassles of before. Over the next 12 months we are going to see adoption like we have never seen before as this is all new to everyone involved in crypto. Don't be surprised or shocked when certain tokens start raising in value without the assistance of a Bitcoin pump as genuine use cases don't need the market to tell them their true value. This is what we should all have been waiting for as the true value will start to appear in so many projects highlighting what we already know.