The European Single Market represents a unified economic area among the member states of the European Union, along with Iceland, Liechtenstein, and Norway. This market guarantees the free movement of goods, services, capital, and people across national borders. It eliminates internal tariffs and non-tariff barriers, promoting competition and economic integration. This framework aims to foster growth and efficiency.
Context
Discussions surrounding the European Single Market frequently appear in news related to trade, economic policy, and regulatory harmonization within Europe. For digital assets, the existence of this unified market presents both opportunities and challenges for crypto businesses seeking to operate across the continent. EU Crypto Law aims to provide a consistent regulatory environment for digital assets within this expansive economic zone.
France's AMF signals potential unilateral action against MiCA passporting, raising critical questions about regulatory harmonization and arbitrage within the EU digital asset market.
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