In December 2024, the Web3 crypto industry was significantly influenced by a combination of policy updates, economic reports, and market activity. U.S. economic data releases, Hong Kong's legislative process regarding stablecoins, the decline in U.S. consumer confidence, and the implementation of the EU's MiCA regulation collectively shaped the industry’s policy landscape and influenced market expectations. The implementation of MiCA is of particular significance, marking a significant step forward for the EU in crypto-asset regulation. By providing clear rules and expectations for the market while imposing higher compliance requirements on industry participants, MiCA is expected to contribute to enhanced market stability, increased credibility, and promote healthy development within the Web3 crypto space in the long term.
1/1/2025, 3:40:42 PM