Europe Leads the Way as Crypto Trading Volume Expected to Hit 108 Trillion Market by 2024

European legislators are actively shaping the cryptocurrency sector by establishing precise guidelines. On June 30, the European Union’s Markets in Crypto-Assets Regulation (MiCA) partially came into force, with a particular emphasis on stablecoins. Furthermore, in December, further regulations will be introduced for providers of crypto asset services. This all-encompassing framework, which has been in the works since 2020, represents the EU’s inaugural harmonized collection of rules for the crypto asset market.