WazirX to Resume Operations as Revolut Gains MiCA License

WazirX plans reopening on Oct. 24 after a year-long pause, while Revolut launches 'Crypto 2.0' following EU regulatory approval.

Summary

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Terms & Concepts
  • MiCA License: A regulatory framework established by the European Union to govern crypto-asset service providers, aiming to ensure consumer protection and market integrity.
  • Crypto 2.0: Revolut's new crypto offering, signifying an expansion or upgrade in its digital asset services.
  • Legislative Process: The series of steps through which lawmakers draft, debate, and enact new regulations or laws, here referring to U.S. crypto-related legislation.