Hyperliquid and Circle are asking for changes as part of the MiCA review
The policy group of Hyperliquid and Circle submitted two memorandums to the European Commission as part of the MiCA review, according to The Block. The two memorandums address perpetual contracts and the minimum level of bank deposits related to stablecoin reserves.
• Hyperliquid’s policy group calls for perpetual contracts to be subject to the MiFID II framework.
• Circle’s memorandum targets the minimum level of bank deposits under MiCA.
• These are requests submitted for review and not adopted regulatory amendments.
💧 Impact on the market and liquidity: The results of the review could affect the regulatory framework for perpetual contracts and the management of stablecoin reserves, but the available information does not specify an impact on liquidity flows or trading volumes.
🎯 Most affected: the perpetual contracts sector, the stablecoins sector
Source: The Block
$USDC #USDC #Crypto #Stablecoins #Regulation
The policy group of Hyperliquid and Circle submitted two memorandums to the European Commission as part of the MiCA review, according to The Block. The two memorandums address perpetual contracts and the minimum level of bank deposits related to stablecoin reserves.
• Hyperliquid’s policy group calls for perpetual contracts to be subject to the MiFID II framework.
• Circle’s memorandum targets the minimum level of bank deposits under MiCA.
• These are requests submitted for review and not adopted regulatory amendments.
💧 Impact on the market and liquidity: The results of the review could affect the regulatory framework for perpetual contracts and the management of stablecoin reserves, but the available information does not specify an impact on liquidity flows or trading volumes.
🎯 Most affected: the perpetual contracts sector, the stablecoins sector
Source: The Block
$USDC #USDC #Crypto #Stablecoins #Regulation