Regulation – Novarex

The global landscape: from a strict ban in China to targeted reforms in Eastern Europe

admin — Sun, 09 Nov 2025 23:43:06 +0000

The international landscape of cryptocurrency regulation remains extremely uneven. China still maintains a strict ban on private trading and mining: only the state-issued digital yuan is permitted, and any transactions with decentralized assets are effectively relegated to a gray area.

At the opposite extreme are EU countries and several Eastern European jurisdictions, which are gradually adapting their regimes to the MiCA and related regulations. For example, Hungary recently amended the so-called Crypto Markets Act, relaxing validation requirements in certain cases of converting crypto assets into other currencies. The goal is to simplify life for legitimate players while maintaining control over suspicious transactions.

The global trend can be described as follows: from a blanket ban to “smart regulation,” where authorities seek not so much to destroy the crypto industry as to integrate it into the existing financial system with clear rules and areas of responsibility.

MiCA: A Level Playing Field for the EU Crypto Market

admin — Sun, 09 Nov 2025 23:40:54 +0000

The Markets in Crypto-Assets (MiCA) regulation is gradually becoming the foundation of the legal framework for the European Union’s crypto market. The document introduces uniform requirements for transparency, disclosure, licensing, and oversight for market participants issuing and trading cryptoassets, including stablecoins and tokens pegged to asset baskets.

MiCA fills a regulatory void for assets previously excluded from traditional financial regulations. Issuers and service providers are now required to comply with standards similar to those for traditional financial instruments, from capital requirements to consumer protection rules.

According to legal experts, MiCA will make the European market more predictable and attractive for regulated companies and institutional investors, but will also raise the barrier to entry for smaller startups due to compliance costs.

EU Sanctions Package 19: LNG, Crypto, and Restriction Circumvention Schemes Under Attack

admin — Sun, 09 Nov 2025 23:38:41 +0000

The EU Council approved the 19th sanctions package targeting Russia. The document includes 69 new personal and corporate restrictions, as well as measures affecting the energy sector (including LNG), finance, and digital assets. One of the goals of the package is to combat sanctions evasion using cryptocurrencies and related services.

The new rules strengthen oversight of transactions involving Russian counterparties and expand the list of companies and jurisdictions subject to additional scrutiny. This applies to both centralized exchanges and financial institutions working with cryptocurrency.

Experts note that pressure on the infrastructure enabling the use of cryptocurrencies for sanctions evasion will become one of the key regulatory trends in the EU in the coming months.