MiCA Regulation Passes European Council – October 5

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Current Bitcoin Price$19,995

Bitcoin price is sitting just below $20,000 to begin Wednesday, as price cools off from yesterday’s spike.

Top-20 altcoins are a mixed bag, as Ethereum corrects 2%, BNB falls 1% and XRP gains 3% over the last day of trading.

Top Stories for October 5, 2022 🔥

👉 MiCA Regulation Passes European Council Vote

The European Union’s Markets in Crypto-Assets (MiCA) regulation has passed the European Council, with one step left before it reaches complete approval.

On October 10, the regulation must pass through one more vote in European Parliament, which will then see an adaptation period of at least a year, then finally into effect in 2024.

MiCA seeks to regulate the issuance of cryptocurrencies across the EU, with particularly tight restrictions on stablecoin issuance.

👉 $800B Investment Management Firm To Tokenize 3 Funds

Hamilton Lane, an investment management firm with $832.5 billion in assets under management, is moving to tokenize three of its funds via digital asset securities firm, Securitize.

The company is making the move in order to make private market investment available to a wider range of investors, targeting individuals rather than solely institutions.

👉 Coinbase To Expand Services And Presence In Australia 

Crypto exchange Coinbase is planning to expand its services in Australia, including launching a local entity and an updated suite of services for retail traders.

Coinbase vice president of international business development, Nana Murugesan, says “baseline signals” of crypto recognition in Australia are on par or better than the US and other markets.