So, guess what? VeChain just got a shiny stamp of approval from the European Securities and Markets Authority! 🎉 Yes, you heard it right! Their tokens are now compliant with European regulations. Because, you know, who doesn’t want to play by the rules? 🙄
On March 18, VeChain (VET) decided to throw a little party to celebrate its milestone. I mean, it’s not every day you get to announce that your blockchain is ready for the big leagues of real-world decentralized applications. 🎊
In a twist of fate, VeChain’s tokens, VET and the ever-so-charming VeThor Token (VTHO), are now officially compliant with the Markets in Crypto-Assets Register, or MiCAR. Sounds fancy, right? This all happened after they submitted their whitepapers to the European Securities and Markets Authority. Talk about a paperwork marathon! 🏃♂️💨
“This achievement sees VET and VTHO tokens compliant with European regulations under the unified MiCAR framework, allowing operations to continue and expand across EU member states,” the VeChain team wrote. And yes, they probably did a little happy dance after that announcement! 💃
With the MiCAR framework now in place, VeChain can strut its stuff across all 27 EU member states. It’s like having a VIP pass to the coolest club in town! 🕺 This regulation, which has been effective since June 2023, aims to standardize crypto regulations for the bloc. Because, let’s face it, we all need a little market integrity and investor protection in our lives! 🙌
ESMA, the regulatory watchdog for MiCAR, released its central register for digital asset white papers last year. And just when you thought it couldn’t get any more thrilling, the full Markets in Crypto Assets regulation is set to kick in on December 30, 2024. Mark your calendars, folks! 📅
VeChain is not just sitting pretty; they’re leveraging this framework to seek compliance for VET and VTHO. The MiCAR framework is rolling out in phases, extending beyond 2025 and into 2026. So, buckle up, because VeChain is ready to take its X-2-Earn program to EU users! 🚀
What’s X-2-Earn, you ask? It’s a sustainability-focused initiative that lets users earn tokens by doing verifiably sustainable actions. Because saving the planet while earning tokens is the new black! 🌍💚
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2025-03-18 23:19