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How will EU's MiCA regulation affect Bitcoin and cryptos?

Companies offering cryptoasset-related services happily welcomed the news that the three institutional bodies of the European Union (EU), the European Parliament, Commission and Council reached an agreement on the text of the proposed cryptocurrency market regulation. The landmark cryptoasset markets legislation (MiCA) will introduce licensing of cryptocurrency companies and safeguards for their customers and the industry has been favorable to the measure which, however, contains controversial points for users such as the taxation of self-hosted wallets.

04 Jul
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Bitcoin´s price remains under pressure: Voyager Digital halts withdrawals

The cryptocurrency market continues its pessimistic outlook that it signed off the second quarter of the year with and which has carried over into the month of July. After last week's falls, that saw the Bitcoin´s (BTC) price succumb to selling pressure and fall to $18,700, according to data from CoinMarketCap, the digital currency is holding at $19,000, weighed down by bad news from the sector, with other cryptoasset lending companies and funds on the edge of the abyss.