#MICA AND #STABLECOINS The full analysis is coming this week in my LinkedIn MiCA Newsletter (if you are not in the loop yet, please comment I will send it personally to you) What is MiCA saying about stablecoin’s custody of reserve?? ?? the reserve assets are not encumbered nor pledged as a ‘financial collateral arrangement? ?? reserve assets are held in custody? the issuers prompt access to the reserve assets to meet any redemption requests from the holders?? ?? no concentration in the custodians of reserve?? ?? no concentration risks in the reserve assets What type of reserve assets we are talking about ?? ??crypto-assets (held by a CASP service)? ??all types of reserve assets (held by a credit institution) → min 30% of the amount referenced in each official currencies? ??financial instruments (held by an investment firm) → in highly liquid, low risk instrument If you missed the full MiCA overview with William De'Ath, it is available even after the LIVE (link in the comment??) #finance #regulation #crypto
It's nice but ... there is no vote scheduled about MiCA in the European Parliament plenary session agenda yet! Will MiCA vote be scheduled for adoption this spring? Are some last minutes modifications ongoing? Nothing public though! Deep dive in the unknown so far :(
Elizaveta, enjoyed this rich presentation. Well done!
Hi
Liba Vosahlikova