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The system, announced on Jan. 21, is the first blockchain-based dispute resolution platform for bug bounties — open calls for developers to review a project’s code for vulnerabilities, prevent hacks and earn rewards.
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Immunefi, a blockchain security firm, launched the world’s first legally binding blockchain dispute resolution system, which may set a precedent for more blockchain-based legal applications.
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The TON Foundation’s new president, Manuel Stotz, highlighted the role of the exclusive partnership with Telegram as an important step in its roadmap.
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The other transitional measure is a simplified authorization procedure, which targets entities already authorized under national applicable law on Dec. 30 to provide crypto asset services, it said.
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Among MiCA transitional measures, ESMA mentioned the “grandfathering” clause. The clause allows entities providing crypto asset services in accordance with national applicable laws before Dec. 30, 2024, to continue to do so until July 1, 2026, or until they are granted or refused a MiCA authorization.
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According to official information from ESMA, EU member states will have the option of implementing “transitional measures” that would allow entities already providing crypto asset services under applicable law in their jurisdictions to continue doing so during the transitional phase of MiCA.
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While MiCA’s implementation phase ends on Dec. 30, 2024, there is also a transitional 18-month phase in MiCA’s total 36-month timeline.
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As of Dec. 27, USDT trading continues on many crypto exchanges operating in Europe, including Binance EU and Crypto.com, Cointelegraph has learned. The exchanges did not comment on whether they plan to delist USDT in the EU in the near future.
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Cointelegraph approached ESMA for a comment regarding the USDt status under MiCA but did not receive a response at the time of publication.
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Online reports suggest that Tether USDt (USDT) will stop trading across Europe after Dec. 30, 2024, as shown in the screenshot below.
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A spokesperson at ESMA then said that the regulator was working with market participants and other stakeholders to address stablecoin-related issues presented in MiCA.
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In October 2024, the European Securities and Markets Authority (ESMA) — a key supervisor of MiCA compliance — declined to tell Cointelegraph whether USDt was seen as a restricted stablecoin under MiCA.
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While some publications like Bloomberg said that European crypto exchanges must delist Tether’s USDt by Dec. 30, European regulators have not given such guidance by the time of writing.
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The other transitional measure is a simplified authorization procedure, which targets entities already authorized under national applicable law on Dec. 30 to provide crypto asset services, it said.
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15 reactions
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@emilywi6ly
Among MiCA transitional measures, ESMA mentioned the “grandfathering” clause. The clause allows entities providing crypto asset services in accordance with national applicable laws before Dec. 30, 2024, to continue to do so until July 1, 2026, or until they are granted or refused a MiCA authorization.
0 reply
1 recast
12 reactions
emilywi6ly pfp
emilywi6ly
@emilywi6ly
According to official information from ESMA, EU member states will have the option of implementing “transitional measures” that would allow entities already providing crypto asset services under applicable law in their jurisdictions to continue doing so during the transitional phase of MiCA.
0 reply
1 recast
13 reactions
emilywi6ly pfp
emilywi6ly
@emilywi6ly
While MiCA’s implementation phase ends on Dec. 30, 2024, there is also a transitional 18-month phase in MiCA’s total 36-month timeline.
0 reply
1 recast
13 reactions
emilywi6ly pfp
emilywi6ly
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As of Dec. 27, USDT trading continues on many crypto exchanges operating in Europe, including Binance EU and Crypto.com, Cointelegraph has learned. The exchanges did not comment on whether they plan to delist USDT in the EU in the near future.
0 reply
1 recast
12 reactions
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emilywi6ly
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Cointelegraph approached ESMA for a comment regarding the USDt status under MiCA but did not receive a response at the time of publication.
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1 recast
11 reactions
emilywi6ly pfp
emilywi6ly
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Online reports suggest that Tether USDt (USDT) will stop trading across Europe after Dec. 30, 2024, as shown in the screenshot below.
0 reply
1 recast
10 reactions