Oryen Network, SOL, and AVAX Not Concerned About EU Parliament Voting in Favor of Crypto Tax

2022-10-8 21:00

The European Union (EU) recently announced new legislation that will continue to regulate the crypto industry within its borders.

While many argue that decentralized digital assets should be free from intervention, this news shows that power-makers are starting to take crypto seriously and that it has a considerable future in global finance.

While the Markets in Crypto Assets Regulation (MiCA) and the law to reveal the identities of those making crypto payments will change the landscape somewhat, it’s important to remember that these changes don’t take effect until 2024.

This gives those currently operating in the space, and prominent crypto projects, plenty of time to adjust. That means the future is still bright for the likes of Oryen, Solana, and Avalanche.

Oryen Network (ORY)

Oryen Network is heading into its first pre-sale phase, meaning you get the chance to pick it up at a discount price that many believe it won’t stay at for long.

That’s because ORY has a huge range of credentials that make it arguably the best new crypto token the space has ever seen, with the most straightforward staking mechanism around.

By allowing holders to enjoy a massive 90% APY simply by holding ORY in their wallets, this platform eradicates the barriers to entry that have prevented more wide-scale adoption of DeFi earning options by regular investors. With those barriers gone, ORY could be primed for stratospheric growth.

What about Solana and Avalanche?

Both Solana and Avalanche offer key benefits to investors that could make them primed for success, despite increased EU regulation.

Both of these crypto projects can capitalize on growing environmental concerns and market themselves as two of the only carbon-neutral, eco-friendly cryptos in the space.

Solana and Avalanche also have key technological benefits like fast transaction speeds and highly scalable ecosystems for development, so their fundamentals should not be underestimated. But when combined with strong eco-friendly credentials, they could be even more well-placed for growth.

Conclusion

Despite news of new legislation in the crypto space, there’s still a ton of potential for BSC tokens like ORY, AVAX, and SOL in the EU. That’s why investment analysts think it might be the perfect addition to your portfolio.

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The post Oryen Network, SOL, and AVAX Not Concerned About EU Parliament Voting in Favor of Crypto Tax appeared first on BeInCrypto.

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