XION Achieves EU Compliance as First Layer 1 Mainnet to Release MiCA Whitepaper

**Share this Article** **New York City, New York — March 13, 2025 — Chainwire** XION, a walletless blockchain bridging Web2 and Web3, has announced that it is now compliant with EU regulations, making it the first Layer 1 (L1) mainnet to publish a Markets in Crypto-Assets (MiCA) whitepaper. XION's commitment to adhering to the EU regulatory framework for crypto-assets highlights its goal of enhancing accessibility for both institutions and individuals who utilize and adopt digital assets. The second title of MiCA, which became fully effective in December 2024, lays down robust guidelines for issuers, offerors, and those looking to gain admission for trading crypto-assets within the EU. XION fits into the latter category, ensuring its compliance to promote access to its ecosystem in a regulated and transparent fashion, offering reassurance to both institutions and individuals in the EU. “The release of a MiCA whitepaper represents a significant step in our broader institutional strategy, ” remarked Burnt Banksy, Founder of XION. “By conforming to the EU’s evolving regulatory landscape, we ensure that institutions and users can access XION compliantly, reinforcing the foundation for broader Web3 adoption. ” This achievement underscores XION’s mission to democratize access to Web3 globally. By eliminating blockchain complexities through protocol-level innovations like Generalized Abstraction, Meta Accounts, Signature Abstraction, and its Parameterized Fee Layer, XION is constructing an infrastructure designed for the seamless mainstream adoption of Web3 applications. With this regulatory compliance, institutions within the EU will have unfettered access to a blockchain that bridges the Web2-Web3 divide, providing regulatory clarity in a user-friendly environment. Leading brands are already leveraging XION’s technology to facilitate seamless Web3 interactions, further solidifying its role as a trailblazer in enhancing accessibility for all internet users. As XION advances its institutional and regulatory efforts, this MiCA compliance marks a significant foundation for future expansions and broader access to its ecosystem.
For more details, the XION crypto-asset whitepaper can be accessed here. **About XION** XION is the first walletless Layer 1 blockchain dedicated to making Web3 accessible to all users. It simplifies the crypto experience by eliminating complexities such as wallets, private keys, multi-device usage, and gas fees through its Generalized Abstraction. By removing typical Web3 friction points, XION accelerates the mainstream adoption of blockchain technology, making it more user-friendly for both developers and users alike. **Website | Blog | Discord | Telegram | GitHub | LinkedIn | X** **Disclaimer:** This press release is intended for informational purposes only and does not represent financial advice or an investment offer. No authoritative body in the European Union has reviewed or approved this marketing communication. The offeror, the person seeking trading admission, or the trading platform operator is solely responsible for its content. **Contact:** Burnt [email protected]
Brief news summary
XION is a groundbreaking walletless blockchain that bridges Web2 and Web3, recently marking a significant achievement by confirming compliance with EU regulations laid out in the Markets in Crypto-Assets (MiCA) whitepaper. It has become the first Layer 1 blockchain to meet these standards on mainnet, ahead of the enforcement deadline in December 2024. This compliance ensures that crypto-asset issuers and traders within the EU operate within regulatory guidelines. Founder Burnt Banksy highlighted that this milestone fits XION's vision of enhancing institutional access and fostering Web3 adoption. The platform features innovative tools like Generalized Abstraction and a Parameterized Fee Layer, streamlining user interactions with digital assets. XION's focus on regulatory clarity improves accessibility for EU institutions, aiming to create a more user-friendly ecosystem. This effort aligns with XION's mission to democratize access to Web3 technologies and invigorate growth within the digital asset landscape. For more information, the XION crypto-asset whitepaper is available through their official channels. (Note: This announcement is purely informational and should not be considered financial advice.)
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