The Cardano Foundation, a non-profit organization focused on the development and adoption of the Cardano ecosystem, has joined the MiCA Crypto Alliance, an initiative aimed at promoting regulatory compliance in the cryptocurrency space under the European MiCA (Market for Cryptoassets) Regulations.
Within the framework of this cooperation, the Foundation has contributed to the development of white paper About ADACardano’s native cryptocurrency.
This report, independently produced by the MiCA Crypto Alliance with a donation from the Foundation, serves as a reference for trading platforms and token issuers wishing to comply with the obligations set out by European regulations and implement ADA.
In MiCA, white paper For cryptoassets approved for trading on cryptoassets trading platforms (CATPs). The document is “designed to support CATP’s transparency obligations by supporting ADA for trading or making assets available to the public,” highlights the MiCA Crypto Alliance.
This collaboration includes white paper MiCA, a Cardano-based token, is based on the latest regulatory standards of the European Regulation on Digital Assets.
For the MiCA Crypto Alliance, this update “strengthens Cardano’s role as a public digital infrastructure applicable to a variety of industries.” The organization also emphasized that “this move reflects the joint efforts of blockchain foundations, compliance experts, and legal experts to provide reference resources.”
The partnership comes as European authorities are warning crypto investors to be cautious. According to a recent statement from the European Supervisory Authority (ESA), legal protections can vary significantly depending on the type of asset and provider, exposing consumers to risks such as extreme volatility, fraud, cyber threats and lack of compensation mechanisms. This was reported by CriptoNoticias.
