Two days ago VeChain announced they had been given their MiCA license which would never have been in any doubt. MiCA for those of you who do not already know stands for Markets in Crypto-Assets (MiCA) Regulation within the European Union. The problem with crypto investors is they actually do not know very much about their investments so this announcement may have been a big surprise.
I say this was kind of guaranteed because of the relationship VeChain (VET and VTHO) has within the EU government. The EU needs VeChain as much as VeChain needs the EU and his will be seen come to fruition how close this partnership is the closer we get to CBAM (Carbon border tax) going live in January 2026.
I am sure the EU leadership went into panic mode when Trump hit them with his trade tariffs which is the exact same effect CBAM will have on everyone else. When you think about this there is no difference as these carbon taxes are designed to protect local manufacture against cheap imports. We know that this carbon free narrative will come with extra costs pushing up EU manufacturing costs even more. Those manufacturers in other parts of the world will be hit even harder raising those prices making sure the EU remans protected and competitive.
CBAM is the EU trade secret weapon and at the heart of this is the VeChain which is wat is being used for monitoring carbon emissions so it was very unlikely VeChain would not be approved a MiCA license. If any crypto was going to be first in the line it was always going to be VeChain as this project working closely with the EU has been ongoing for over 4 years already.
Apparently reports suggest at the time of the announcement the blockchain became more active and from someone wo monitors this weekly I can say they are talking nonsense. This is wishful thinking d one just has to verify their claim by looking at the VeChain stats. As you can see from the above stats on the 15th transactions, clauses and VTHO burn were all down on the day so this news had no bearing on blockchain activity.
I find it quite amazing how people think others are so gullible to read their reports and will believe what they say. There is no need for fabricating stories on this project as this we already know is a home run once CBAM is operational. This is the EU's baby and is seen as their trade secret weapon.
You do wonder how much back lash this will receive from all their trading partners and if there will be counter measures in place to combat this form of new taxation. I would suggest this may not be smooth sailing and trade wars could continue well into next year.