4 Global Market Update- 1 July, 2022

 

In this article, we have covered the highlights of global market news about the Cryptocurrency regulations, Canara Robeco MF, economy forecast, and the European Commission.
Cryptocurrency regulations will position Europe as a global leader when prices fall.

When values have plummeted, wiping away riches, generating suspicion, and igniting demands for stricter inspection, Europe prepares to lead the globe in regulating the rogue cryptocurrency business.

By adopting new rules that subject cryptocurrency payments to the same money-laundering regulations as conventional banking transfers, the European Union made the first step late on Wednesday.

As EU negotiators worked late on Thursday to iron out the last-minute elements of Markets in Crypto Assets, or MiCA, a comprehensive package of crypto laws for the 27 member states of the union, a far more significant step was anticipated.

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