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The European Union(EU)took the early lead in providing a global benchmark for crypto regulation with the approval of the Markets In Crypto- Asset(MiCA)
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The European Union(EU)took the early lead in providing a global benchmark for crypto regulation with the approval of the Markets In Crypto- Asset(MiCA)legislation in June 2023. By establishing the European Blockchain Regulatory Sandbox, the EU aims to bridge the gap between regulating blockchain technology and mitigating the risks associated with it. The keypoint about the EU regulatory sandbox is that it is ultimately designed to foster innovation while mitigating potential risks.

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