38 mins ago | 2 mins read
News- VeChain has emerged as being completely aligned with the latest MiCA laws.
- The new carbon calculator tool has helped VeChain achieve this.
- The carbon calculator helps to determine whether the protocol is energy efficient or not.
VeChain has emerged as being completely aligned with the latest law passed by the European Parliament this month. According to the latest details, the layer-1 protocol is in alignment with the new MiCA regulation.
VeChain’s Carbon Calculator tool appears to be in alignment with the MiCA energy rules. Moreover, other protocols seeking to adhere to the recently established regulations may find the technology useful.
VeChain stays a step ahead
According to the details shared, the carbon impact of every single transaction and smart contract interaction can be viewed from their stats page. Perhaps, this is achievable with the recently launched carbon calculator, which was created by consulting with certification experts, DNV.
The EU has become the first region to introduce a standardized set of laws that regulate the emerging cryptocurrency asset class and startups that offer related services. Perhaps, these laws cover several areas, such as consumer protection, registration of tokens and exchanges, stablecoin reserves, and energy consumption.
VeChain’s advanced technology is already in compliance with the new MiCA regulation, making the network well-prepared for the changes. Additionally, companies are not required to comply with the new regulations until next year. This also places VeChain ahead of the curve.
The carbon calculator tool has made it easy to see the carbon impact of every single transaction and smart contract interaction. This will allow the regulators to determine whether the protocol is energy efficient or not.
Source: https://thenewscrypto.com/vechains-new-carbon-calculator-meets-mica-regulation/