Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
XION achieves MiCA milestone as first regulated layer 1 blockchain

XION achieves MiCA milestone as first regulated layer 1 blockchain

Crypto.NewsCrypto.News2025/03/12 16:00
By:By Benson TotiEdited by Jayson Derrick

XION, a layer 1 blockchain backed by Circle and Multicoin, becomes the first mainnet platform to comply with European Union regulations.

The walletless blockchain, focused on bridging web2 and web3, announced the milestone in a press release shared with crypto.news on March 13. Following the news, the utility token—used for network fees, governance, and proof-of-stake security—bounced more than 10%.

XION was trading around $0.90 at the time of writing.

According to the venture capital-backed L1, EU compliance also sees it become the first blockchain network to release a Markets in Crypto-Assets whitepaper .

XION achieved this milestone a few months after launching its mainnet and conducting a gamified initial token airdrop. The chain abstraction mainnet went live in early December, just days before the EU’s MiCA rules took full effect on December 30, 2024.

With this achievement, XION is now the first layer 1 platform to align with MiCA’s Title II regulatory framework, which provides guidelines for governing crypto-assets across the European Union. The XION team plans to leverage the regulatory clarity that MiCA offers to expand its footprint in the region by targeting institutional investors.

“By adhering to the EU’s evolving regulatory landscape, it ensures that institutions and users can both gain access to XION in a compliant manner, strengthening the foundation for broader adoption of Web3,” Burnt Banksy, founder at XION, said in a statement.

Title II of the EU’s comprehensive market guidelines targets digital asset issuers, offerors, and providers looking to bring their crypto trading products to customers in the 27-member bloc.

XION will use this compliance milestone to accelerate Web3 access, with its technology stack helping to remove the hurdles that hinder broader adoption. Generalized abstraction, meta accounts, and signature abstraction are key features of XION’s infrastructure layer.

2

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Powell faces the ultimate test: At least three dissenters at the December meeting, Federal Reserve consensus collapses!

The "Fed mouthpiece" reported that internal divisions within the Federal Reserve have intensified amid a data vacuum, with three board members appointed by Trump strongly supporting a dovish stance, while the hawkish camp has recently expanded.

Jin102025/11/18 03:20

Weekly Hot Picks: Data Disappearance Doesn’t Stop the Fed’s Hawkish Stance! Global Multi-Asset Markets Face “Backstabbing”

The U.S. government shutdown has ended, but the release of key data remains chaotic. The Federal Reserve has sent frequent hawkish signals, causing significant declines in gold, silver, stocks, and currencies on Friday. The U.S. has launched Operation "Southern Spear". Buffett delivered his farewell letter, and the "Big Short" exited abruptly. What exciting market events did you miss this week?

Jin102025/11/18 02:55
Weekly Hot Picks: Data Disappearance Doesn’t Stop the Fed’s Hawkish Stance! Global Multi-Asset Markets Face “Backstabbing”

SignalPlus Macro Analysis Special Edition: Is It Going to Zero?

Over the past week, cryptocurrency prices declined once again. BTC briefly reached $94,000 on Monday due to lighter selling pressure before pulling back, and major cryptocurrencies saw further week-on-week declines...

SignalPlus2025/11/18 02:22
SignalPlus Macro Analysis Special Edition: Is It Going to Zero?