๐•๐‚ ๐ข๐ง๐ฏ๐ž๐ฌ๐ญ๐ฆ๐ž๐ง๐ญ๐ฌ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž๐š๐ง ๐œ๐ซ๐ฒ๐ฉ๐ญ๐จ ๐ฉ๐ซ๐จ๐ฃ๐ž๐œ๐ญ๐ฌ ๐ซ๐ข๐ฌ๐ž ๐ข๐ง ๐๐Ÿ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘

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Venture capital investment into European crypto projects increased almost ten times in the past year, going from 5.9% in Q1 of 2022 to 47.6% in Q1 of 2023.

The increase is due to the regionโ€™s regulatory clarity following the European Union’s passage of the MiCA law.

The European Parliament passed the ๐Œ๐š๐ซ๐ค๐ž๐ญ๐ฌ ๐ข๐ง ๐‚๐ซ๐ฒ๐ฉ๐ญ๐จ ๐€๐ฌ๐ฌ๐ž๐ญ๐ฌ ๐‹๐š๐ฐ (๐Œ๐ข๐‚๐€) in April but will not apply until July 2024. The law, which has garnered large interest from the crypto community, would allow the E.U. to have a unified approach to crypto asset regulation across 27 member states.

#crypto #regulation #investments #VC

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Mark Kalin

Achiever, Competition, Futuristic, Maximizer, Significance

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