Marina Markezic, director and co-founder of the European Crypto Initiative (EUCI), said that a decentralized product will have different "legal" consequences in various markets, with many defined in the EU through the Markets in Crypto-Assets (MiCA) application. The statement was made in a January 22 post on X.
Markezic explained that the "definition of decentralization" will vary by jurisdiction, meaning that developing a decentralized product will have different legal consequences in different markets. She noted that many of these consequences are already defined in the EU and will be clarified with the upcoming MiCA application.
Binance announced that effective January 20, 2025, Polish users will need to provide additional sender and beneficiary details for crypto deposits and withdrawals exceeding €1,000 to comply with EU regulations. This update, posted on their website on January 16, aligns with MiCA guidelines aimed at improving compliance. Transactions may be delayed or returned if the necessary information is not provided, according to Binance.
Marina Markezic's post
| X
According to the European Union, MiCA establishes uniform rules for crypto-asset issuers and service providers not covered by existing EU laws. It aims to ensure transparency, consumer protection, and market stability, with specific obligations for different types of crypto-assets, including e-money and asset-referenced tokens. The regulation, effective from December 30, 2024, includes provisions on governance, disclosure, and preventing market abuse, with oversight by EU authorities like the European Banking Authority (EBA) and European Securities and Markets Authority (ESMA).
Markezic is known for her focus on crypto regulation. She has worked with crypto projects since 2017, specializing in governance, decentralized finance (DeFi), and non-fungible tokens (NFTs). Known for her expertise, she frequently speaks at blockchain events. Previously leading the advisory team at Cofound.it where she evaluated over 700 whitepapers. In 2018, she was named one of the top 100 women in fintech by Lattice80.