#Cardano DEX Minswap Takes a Key Step Towards EU Regulatory Compliance
Minswap, the Cardano-based decentralized exchange, has completed a white paper compliant with the EU Crypto Asset Markets (MiCA) standards, marking a key step towards regulatory compliance for the protocol.
Minswap's completion of the MiCA white paper demonstrates its proactive approach to regulation in the rapidly evolving cryptocurrency regulatory environment. Instead of waiting for explicit regulations from law enforcement, the Cardano-based decentralized exchange has chosen to interpret its mechanisms, token economics, and risk profile according to EU standards.
This development announced today demonstrates that decentralized platforms can proactively address emerging regulatory frameworks without compromising their core design.
Today, Minswap announced the release of a MiCA-compliant white paper, aligning with the EU's cryptocurrency regulatory framework. MiCA is the EU's new regulatory framework for crypto assets, designed to regulate information disclosure, clarify the role of tokens, and enhance user protection.
Through this white paper, Minswap details how its protocol operates, defines the use and limitations of its native token, MIN, and outlines key risks. It is worth noting that the white paper emphasizes Minswap's role as a decentralized exchange, stating that MIN's value comes from its use, incentive mechanisms, and governance, rather than speculative promises.