cryptonews.net
VeChain welcomed the clarity of cryptocurrency regulation in Europe. The blockchain company sees itself as one of the main beneficiaries of the increased clarity of established cryptographic rules. VeChain stated its position after the European Council adopted the world's first comprehensive set of rules for regulating crypto assets, MiCA.
The rules aim to protect investors by requiring crypto firms to be authorized by the European Union (EU). The permit will allow them to serve customers in the bloc and comply with anti-money laundering and anti-terrorist financing regulations.
VeChain sees the approval and eventual acceptance of MiCA as a major milestone in the evolution of the blockchain industry. This will increase investor confidence in knowing that the law is protecting them, and encourage more investment in the system. VeChain is looking to secure a significant portion of the venture capital investment given its status as one of the leading blockchain companies in the European region.
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