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It has been known for some time that the European Union was working on a crypto law, to regulate trading, distribution and issuance. Last July, the Parliament and the Council agreed on a unified approach. What is the MiCa law? And what does it mean for the crypto world?
The Terra protocol wants to function as a central bank for cryptocurrencies by offering stability. With the help of smart contracts and stablecoins algorithms, they have effectively built a hub where stablecoins, traditional currencies and volatile tokens can function as one hybrid mechanism.
