Acheron Becomes First Cryptocurrency Market Maker to Obtain CASP License Under EU’s MiCA Regulation

COINOTAG News reports that Acheron has officially become the first cryptocurrency market maker to secure a CASP license in accordance with the EU’s MiCA regulation. This innovative regulatory framework, known as Markets in Crypto-Assets Regulation, is slated to be fully implemented across the EU in June 2023. By establishing consistent regulations for the crypto asset market among the EU’s 27 member states, MiCA significantly addresses previous regulatory voids pertaining to digital currencies and other crypto assets. With this licensing, Acheron positions itself as a pioneer within the evolving landscape of regulated cryptocurrency operations, enhancing market credibility and fostering investor confidence in a sector increasingly scrutinized by policymakers.