![]() In the present paper we report nine new records from the Italian fauna and describe the new species, Neoseiulus mediterraneus belonging to the subfamily Amblyseiinae. ![]() ![]() Eighteen of them were described as new species from materials collected in various Italian localities. Once the EU legislation takes effect, crypto businesses will be able to “passport” their services across member states using licenses obtained in one European country.The Italian phytoseiid fauna consists of 91 valid species. A UK official stated on Monday that specific cryptocurrency regulations might be enacted within a year. and the UK, which have not yet introduced legal regulations for the crypto industry. The EU’s progress puts it ahead of the U.S. NFTs will be considered fungible if fractionalized or produced in series, and since they can function as a form of payment, they will be subject to restrictions. Non-fungible tokens (NFTs) representing art, digital collections, or real estate will not be subject to MiCA regulation and will not be bound by the rules outlined in the text. ![]() NFTs: What’s exempt from MiCA regulation? Transfers exceeding the 1,000-euro limit between exchanges and self-custody wallets will necessitate reporting. The MiCA regulations also address environmental concerns related to cryptocurrencies by requiring businesses to disclose their energy consumption and the environmental impact of digital assets.Ī separate measure aims to decrease anonymity in cryptocurrency transfers such as Bitcoin (BTC) and stablecoins. The European Securities and Markets Authority (ESMA) will possess the power to intervene and ban platforms that fail to protect investors or jeopardize market integrity or financial stability. Platforms must also maintain a daily average of 200 million euros and 1 million transactions for stablecoins not pegged to the euro. Stablecoins such as Tether and Circle’s USDC must maintain sufficient reserves to meet redemption requests in the event of large-scale withdrawals.Īdditionally, stablecoins that grow too large will have their daily transaction volume capped at 200 million euros ($220 million). New token sales will be regulated, and platforms will be required to inform users of the risks associated with their operations. The MiCA rules will be founded on transparency, disclosure, authorization, and transaction oversight. The regulations impose several obligations on cryptocurrency exchanges, token issuers, and traders. Understanding the MiCA cryptocurrency regulations The EU’s actions may serve as a blueprint for other jurisdictions. The legislation aims to legalize cryptocurrency use and reduce associated risks, representing a significant step toward addressing the challenges posed by the increasing use of digital assets. However, the rules will not be implemented for 12 to 18 months. ![]() The enforcement period is set to begin in June 2023, following the completion of a few remaining administrative formalities. On April 20, the European Parliament gave the green light to the European Union’s (EU) Markets in Crypto Assets (MiCA) regulations, moving the region closer to becoming the first to establish defined rules for the burgeoning cryptocurrency sector. ![]()
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