... European Union, the regulatory framework MiCA (Markets in Crypto-Assets) came into effect in 2024, establishing unified rules for crypto assets, including stablecoins. Under MiCA, stablecoin issuers (especially large ones, termed "electronic money tokens" ... ... strict requirements related to reserves' adequacy and liquidity, regularly disclose information, and adhere to transaction volume regulations. For instance, limits were established for stablecoins pegged to foreign currencies (not euro) in cases where their ...

... into the "crypto capital of the world" and creating clear rules for the market. Beyond the US, new rules for crypto-assets are being formulated in other regions as well. In the European Union, the pan-European MiCA (Markets in Crypto-Assets) regulation has come into force, introducing uniform requirements for crypto business and stablecoin issuance across all EU countries. The implementation of MiCA is expected to reduce regulatory risks for companies and make the European cryptocurrency market more transparent and secure – the process of licensing the first ...

... Vigilant oversight is needed to prevent manipulation and protect investors, and any surprise regulatory tightening — such as stricter bank capital requirements for crypto or unfavorable tax changes — could slow the pace of adoption. Meanwhile, global regulators’ attitudes vary; how other major economies approach crypto will influence how smoothly Bitcoin integrates into the traditional financial system. Macroeconomic conditions add another layer of uncertainty. If 2025 brings economic turbulence or shifts in interest rates, risk assets like Bitcoin could face ...

... liquidity. However, alongside the advantages, there are also risks. A regulated market introduces stringent oversight and compliance requirements. Investors will have to adhere to norms for financial monitoring, tax reporting, and restrictions set by the regulator. Initially, direct access to crypto trading will likely be permitted only for qualified participants with substantial capital and experience. Retail investors who do not meet strict criteria will only have access to indirect instruments (e.g., crypto ETFs or futures on crypto indexes)....

... Chen recommends revisiting investment approaches. She advises keeping funds in protective assets (stablecoins, tokenized gold, reliable bonds) and diversifying portfolios—this helps mitigate risks and wait for market recovery. Fresh trends for 2025: Regulation and crypto integration into the financial sector, taxes on crypto profits, enhanced security (including biometrics and AI), the creation of Bitcoin reserves by countries, and a protracted bear trend—these are key areas every investor should be aware of....