- With its recent alignment with the EU’s crypto-assets legal framework, XION has shown its dedication to facilitating greater accessibility.
- This step in guaranteeing MiCA compliance paves the way for future growth and broader access to XION’s ecosystem.
With its announcement of compliance with EU regulations, XION, a walletless blockchain that bridges Web2 and Web3, became the first L1 on the mainnet to release a Markets in Crypto-Assets (MiCA) whitepaper. With its recent alignment with the EU’s crypto-assets legal framework, XION has shown its dedication to facilitating greater accessibility for organizations and people who utilize and adopt digital assets.
Strong criteria are established for issuers, offerors, and those requesting admission to trade crypto-assets inside the EU under Title II of MiCA, which went into full force in December 2024. The latter category includes XION, which guarantees compliance to enable controlled and transparent access to its ecosystem, providing institutions and people in the EU with additional confidence.
Burnt Banksy, Founder at XION stated:
“The release of a MiCA whitepaper is a key step in a broader institutional strategy. By adhering to the EU’s evolving regulatory landscape, it ensures that institutions and users can both gain access to XION in a compliant manner, strengthening the foundation for broader adoption of Web3.”
The goal of XION is to make Web3 available to everyone, everywhere, and this regulatory milestone is part of that goal. Through protocol-level breakthroughs like Generalized Abstraction, Meta Accounts, Signature Abstraction, and its Parameterized Fee Layer, XION is simplifying blockchain technology and creating an infrastructure layer that will enable Web3 apps to be widely adopted.
Institutions in the EU will now have unrestricted access to a blockchain that connects Web2 and Web3, providing regulatory clarity and an intuitive environment, thanks to this compliance. By using its technology to facilitate seamless Web3 interactions, XION’s ecosystem has already drawn top brands, solidifying its position as a leader in extending access to all internet users.
This step in guaranteeing MiCA compliance paves the way for future growth and broader access to XION’s ecosystem as it advances its institutional and regulatory activities. The XION crypto-asset whitepaper may be found here for further details.
The goal of XION, the first walletless Layer 1 blockchain, is to enable Web3 for all users. By making cryptocurrency disappear via its Generalized Abstraction, it simplifies complicated issues like private keys, wallets, multi-device use, gas fees, and more. XION speeds up the widespread adoption of Web3 by lowering typical Web3 friction points and increasing user and developer accessibility to blockchain technology.
Disclaimer: This press release is not an offer to invest or financial advice; rather, it is informative only. This marketing communication has not been examined or authorized by any EU regulatory body. Its content is entirely the responsibility of the offeror, the individual requesting trading admission, or the operator of the trading platform.
