What is the European Union's market in crypto assets regulation (mica)?
Could you elaborate on the European Union's Market in Crypto Assets Regulation (MiCA)? I'm curious to understand its objectives, scope, and potential implications for the cryptocurrency industry. Specifically, how does MiCA aim to address risks associated with crypto assets while fostering innovation and protecting investors? What are the key provisions and requirements outlined in the regulation? And how does it compare to other regulatory frameworks globally? Your insights would be invaluable in understanding the significance of MiCA in the broader crypto ecosystem.