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Four digital asset companies have obtained Markets in Crypto Assets (MiCA) licenses in the Netherlands, enabling them to operate seamlessly across all 27 EU member states. This milestone marks a key step toward a unified regulatory framework for Europe’s crypto industry. 
Could MiCA Put the Brakes on DeFi's Growth?
The crypto community is buzzing with debates about the impending rollout of the MiCA regulatory framework in the EU. Key figures like Rune Christensen, co-founder and principal developer of MakerDAO, express concerns about potential disruptions in the decentralized finance (DeFi) sector. However, opinions on the matter are divided. 
The legal firm MANIMAMA has released a report analyzing cryptocurrency tax systems worldwide, including the EU, Switzerland, the UAE, and more. Notably, the UAE, particularly Dubai, emerges as one of the most favorable locations for crypto trading and earnings, as it imposes no capital gains or income tax. 
Telegram founder Pavel Durov made his first public statement since being detained in France. He thanked users for their support and described the accusations as 'misguided,' noting that Telegram has an official representative in the EU and a hotline with French security services to combat terrorism. 
The European regulator may impose a fine equivalent to 6% of the total revenue on Elon Musk’s social media platform X for its failure to address illegal content. This measure will be considered if the company does not implement the necessary changes following its next official warning. 
The non-profit European Center for Digital Rights (NOYB) has filed a complaint against the AI developer OpenAI for breaching GDPR. As it turns out, ChatGPT can still provide inaccurate information about individuals due to AI hallucinations, contravening EU legislation that mandates accuracy in personal data. 
The European Securities and Markets Authority (ESMA) has published its first final report on the regulatory framework for the crypto market under the Markets in Crypto-Assets Regulation (MiCA). This document presents ESMA's recommendations regarding the criteria for the proper registration of crypto service providers and the procedure for handling complaints. The report has now been submitted to the European Commission, with ESMA set to assist the government in implementing these recommendations as a consultant. 
