VeChain (VET) has announced a new strategic partnership with the Crypto Carbon Ratings Institute (CCRI) via their official social media channels. This partnership aims to make the VET blockchain network more sustainable, in line with the Markets in Crypto-Assets (MiCa) regulations in Europe.
The MiCa regulation sets strict sustainability standards for digital currencies to meet, and requires blockchain projects to report their environmental impact. The European Union (EU) has raised concerns about the climate impact of cryptocurrencies, particularly due to the high energy consumption of miners.
By partnering with CCRI, VeChain aims to strengthen its position in the European market, which is crucial for a long-term increase in the VET price.
In addition to this collaboration, VeChain has also announced new partnerships with SupplyME and the UFC, both of which are looking to integrate VET technology. These developments could further support VeChain’s value.
VeChain strengthens sustainability strategy
VeChain (VET) can leverage the expertise of the Crypto Carbon Ratings Institute (CCRI) to improve their network’s emissions reporting. This will allow the team behind the popular altcoin to better understand, regulate, and even reduce their emissions. Meeting EU MiCa requirements is essential for further adoption and integration into the European market.
VeChain has long been committed to sustainability, and this partnership could significantly increase VET adoption in Europe. By meeting strict sustainability standards, VeChain will better position itself for future growth in the region.
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Source: https://newsbit.nl/vechain-sluit-strategisch-partnerschap-met-ccri-voor-duurzame-toekomst/
