Liquid Mercury states that it has completed its MICA disclosure procedure for MERC. According to the company, this step means that MERC has access to transactions within the EU.
Disclosure complete
Liquid Mercury's disclosure points to compliance requirements under the EU Encrypted Assets Markets Act. For the project party, completion of the relevant disclosure is usually an important precursor to entry into the European market.
Increased access to transactions
Following corporate disclosures, the tradable scope of MERC will be extended from the single market to several EU member States. For holders and trading platforms, this means that the subsequent flow channels are clearer.
Project background
The news quoted by Daily Hodl focuses on compliance progress per se, not on token price performance. Liquid Mercury does not at present disclose more details about the timing, trading platforms or specific market arrangements.