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With MiCA's launch on the horizon, Croatia's government is hard at work developing rules to address the shortcomings. This includes a June directive that mandates all cryptocurrency companies to register within a two-month period. Officials are now on the path to implement "passporting," a MiCA feature that permits financial entities from a single country to serve the entire European Union under their home country's rules. Croatia's intention with these moves is to make the nation more appealing to cryptocurrency companies than other EU countries. 
Securitize, a digital asset trading platform, has started tokenizing equity in Spanish real estate investment trust, Mancipi Partners. The tokens will trade on the Avalanche blockchain from September.
This marks the first tokenized equity issuance under the European Union’s pilot scheme for distributed ledger technology, supervised by the European Securities Market Authority. Securitize will also undergo a six-month supervision period by Spain’s National Securities Market Commission (CNMV).
Securitize's CEO, Carlos Domingo, believes the move will significantly benefit European businesses, providing new avenues for capital raises and potential tax benefits. EU Reveals “Web4 and Virtual Worlds Strategy”
The European Union (EU) has unveiled its “Web4 and Virtual Worlds Strategy,” bypassing the Web3 concept. The strategy, announced by the European Commission (EC) on Tuesday, aims to establish “web4 and virtual worlds” that align with EU values and principles. Blockchain Shows Potential in Battling Counterfeit Goods
The European Union Intellectual Property Office (EUIPO) is optimistic about the potential of blockchain technology in combating counterfeit goods. The agency shared that it has completed a proof of concept trial, labeled European Logistics Services Authentication (ELSA), that used blockchain-based tools for anti-counterfeiting purposes. 
ECB Official Panetta Casts Doubt on the Future of Digital Euro
Some members of the European Parliament and numerous public representatives increasingly question the necessity of implementing a digital euro across the European Union. Protests against the introduction of the Central Bank Digital Currency (CBDC) periodically occur in various European countries. ECB representatives also harbor certain doubts. EU Adopts MiCA Regulations: What Lies Ahead for Cryptocurrencies?
The European Union has adopted a new legislative framework for the crypto asset market (MiCA). Even though the development of this document began back in 2020, the issue of regulation has become increasingly urgent, especially following the problems that emerged in 2022. 
Mairead McGuinness, the European Commissioner for Financial Services, believes there's no need to rush the launch of a digital euro before the next EU elections in June 2024. She advises the next EU Commission to take a careful and measured approach to the CBDC rollout. Furthermore, McGuinness mentioned that the European Central Bank will finalize its stance on the project this coming October. 
The proposal to create a digital Euro by the European Union is facing academic skepticism, with some specialists forecasting its doom from the get-go.
Two economists from the University of Bern, Cyril Monnetm and Dirk Niepelt, have cited preset storage limits for users as a primary concern.
They also flagged the possible disinterest of banks in the digital Euro's success if it doesn't lead to significant revenue. Without the backing of commercial entities, they believe, widespread adoption might remain a distant dream. EU says that no crypto-asset can be considered completely safe
The Chairwoman of the European Union’s regulatory body, Verena Ross, has emphasized that cryptocurrencies are inherently risky and should not be considered as safe assets. She cautioned consumers against viewing cryptocurrencies as a reliable form of investment. 
ESMA to Initiate Consultations on Crypto Rules in EU
The European Securities and Markets Authority (ESMA), the European Union's securities market regulator, has announced a consultation set for July regarding new regulations for handling complaints and conflict of interest issues that cryptocurrency companies within the bloc would need to comply with. High-Risk AI Faces Potential Ban in Australia
In response to global concerns surrounding the rapid development of artificial intelligence (AI), the Australian government has launched an urgent eight-week consultation to determine if any "high-risk" AI applications should be prohibited. This initiative follows similar actions taken in the United States, the European Union, and China to understand and potentially mitigate AI-related risks. Should Ukraine adopt EU's MiCA crypto asset regulations?
Deputy Minister Alex Bornyakov of Ukraine's Ministry of Digital Transformation has voiced his support for the adoption of certain provisions from the European Union's MiCA regulations on crypto assets. Bornyakov believes that integrating these essential aspects of MiCA into Ukraine's regulatory framework will facilitate the seamless integration of crypto businesses. EU Members Nearing Agreement on Crypto Tax Data Sharing
European Union (EU) member states are close to a unanimous agreement on new rules for sharing data on cryptocurrency and non-fungible token (NFT) holdings among tax authorities. Formal approval is expected next week, though some governments are still awaiting procedural approval from national parliaments. 