VeChain Achieves Compliance with European Regulations

VeChain has announced that its tokens are compliant with European regulations after receiving confirmation from the European Securities and Markets Authority (ESMA).

On March 18, VeChain (VET), a blockchain for real-world decentralized applications, shared this milestone in an official announcement.

Specifically, VeChain’s tokens, VET and VeThor Token (VTHO), are now compliant with the Markets in Crypto-Assets Register (MiCAR). This follows VeChain’s submission of VET and VTHO whitepapers to ESMA, which confirmed this registration.

According to VeChain, this milestone signifies more than just regulatory compliance; it’s a step towards mainstream adoption.

> “This achievement sees VET and VTHO tokens compliant with European regulations under the unified MiCAR framework, allowing operations to continue and expand across EU member states,” the VeChain team noted.

With the MiCAR framework, VeChain can operate its services and solutions across all 27 EU member states. The regulation, effective since June 2023, aims to standardize crypto regulations across the EU to enhance market integrity and protect investors.

ESMA, overseeing MiCAR, launched its central register for digital asset white papers last year. The full implementation of the Markets in Crypto Assets regulation is set for December 30, 2024. VeChain utilized this framework to ensure compliance for VET and VTHO.

The MiCAR framework involves phased implementation, extending beyond 2025 and through 2026. Consequently, VeChain could capitalize on this strategic advantage, particularly with initiatives like its sustainability-focused X-2-Earn program, which rewards users for verifiable sustainable actions.

Related: Dana White’s Power Slap teams up with VeChain for global expansion.