European Union regulators announced sweeping new rules for cryptocurrency exchanges and digital asset providers. The measures aim to increase transparency and protect retail investors from volatile market conditions.
Major crypto platforms will now be required to register with national authorities and maintain minimum capital reserves.
The new regulatory framework, known as MiCA 2.0, builds upon the Markets in Crypto-Assets regulation implemented in 2024. Key provisions include mandatory insurance for customer deposits, real-time transaction reporting, and stricter KYC requirements.
"This is a watershed moment for the European crypto industry," said EU Financial Services Commissioner Maria Santos. "We are creating a safe environment for innovation while protecting consumers."
Industry reactions have been mixed, with larger exchanges welcoming the clarity while smaller players worry about compliance costs. Binance Europe and Kraken have already announced plans to expand their European operations under the new framework.
The regulations will take effect on March 1, 2026, giving companies approximately 15 months to achieve full compliance.
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