Mica EU Voted for Crypto Regulations

So finally after a lot of teasing and talking the European Union voted for Crypto regulations and i have made some summarize because the papers are about 380 pages long.

source

-Regulations apply to cryptocurrency companies in Europe, European citizens, residents and those targeting European citizens or residents.

-Regulations provide clarity for centralized platforms and cryptocurrency companies, requiring them to comply with the rules.

-Fully decentralized platforms that facilitate peer-to-peer transactions and interactions are exempt from these regulations.
(That's good. Of course they can't do otherwise since if something is really decentralized, no one can limit/close it etc. hahaha)

-NFTs are generally not included in the regulations, except for crypto projects that already exist AND incorporate NFTs. (If I understood correctly, it means if they give them as a bonus)

-NFT issuers do not need to register or pay registration fees unless NFTs are integrated as a feature of a platform.
(This is good in general

-Once a company receives regulatory approval within Europe, it can operate anywhere within the European Union.

-Some projects may choose to avoid dealing with European regulations by excluding citizens and residents of the European Union.

-Platforms that claim to be decentralized but are found to be centralized in Europe may face penalties for violating regulations.
(That's good. Don't let some crypto work for us that it's decentralized when it's not).

Overall i believe that regulation in the centralized exchanges will be good for the average investor who finds difficult to buy on Decentralized exchanges but Europe just admitted that they cannot regulate anything other than Crypto exchanges because true decentralized organizations cannot be regulate. Lets hope that this kind of regulatory framework will protect the small investors and attracts new ones !

https://data.consilium.europa.eu/doc/document/ST-13198-2022-INIT/en/pdf

Do you believe regulations are good or bad for the crypto space?

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