EU Council formally endorses Markets in Crypto Assets regulation (MiCA)

EU Council formally endorses Markets in Crypto Assets regulation (MiCA)
фото показано с : invezz.com

2023-5-18 22:19

27 member states have today wholly supported the Markets in Crypto Assets regulation or MiCA during today’s voting. This marks the last step for the MiCA regulation after the EU parliament endorsed the regulation in April.

The MiCA regulation will now be formally become a publication in the EU Official Journal before entering into force 20 days later. However, it will take 12-18 months for the MiCA policies to take full effect and start being used in the EU’s crypto market. The 12-18 months allow operators to comply with the policies, failure to which they risk being struck out from Europe.

First-of-its-kind crypto regulation

The adoption of this legislation is in response to citizens’ anticipations to set safeguards and standards for the use of blockchain technology as articulated in Proposal 35(8) of the conclusions of the Conference on the Future of Europe.


The MiCA marks the start of a new era to officially regulate crypto operators in Europe.

Today’s vote expectedly passed after rising support for the bill among EU lawmakers and ministers alike. The bill had to get support and pass official votes from two sides of the EU bloc – the EU’s parliament and council. While in the parliament the bill had some members who were against it, the bill has received an overwhelming 27 members’ support in the council.

Today’s vote means that Europe is the first major jurisdiction around the globe to implement standard crypto rules and install a standard licensing policy just as stressed by the co-founder of Ethereum-based DeFi lending platform Swarm, Philipp Pieper, in April.

The post EU Council formally endorses Markets in Crypto Assets regulation (MiCA) appeared first on Invezz.

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regulation mica today markets assets crypto marks

Источник: invezz.com

regulation mica → Результатов: 61


MiCA constitutes a new era for crypto, Swarm co-founder Philipp Pieper says

The European Parliament’s approval of the Markets in Crypto Act, MiCA regulation continues to be hailed as a watershed moment for the crypto space, particularly for Europe. Commenting on the development, Philipp Pieper, co-founder of Swarm, a regulated DeFi platform that’s a member of Germany’s Digital Finance Forum, says the legislation is a new beginning […] The post MiCA constitutes a new era for crypto, Swarm co-founder Philipp Pieper says appeared first on CoinJournal.

2023-4-21 18:30


The world’s first comprehensive framework for crypto regulation has been approved by lawmakers in the EU.

The European Parliament has passed a comprehensive set of regulations aimed at the cryptocurrency industry, making it the first of its kind in the world. The legislation, known as the Markets in Crypto Act or MiCA, aims to reduce risks for consumers purchasing crypto assets by holding providers liable for any loss of investors’ crypto-assets.

2023-4-22 13:45


European Council passes landmark Markets in Crypto-Assets (MiCA) regulation

The European Council has made major strides towards crypto regulation by approving the landmark European Union’s Markets in Crypto-Assets (MiCA) regulation today. The MiCA regulation will now proceed to the European Parliament for a vote by the European Parliament’s economic affairs committee next week after which if approved will become operational earliest at the start […] The post European Council passes landmark Markets in Crypto-Assets (MiCA) regulation appeared first on Invezz.

2022-10-6 16:58


Фото:

“Finalized” EU MiCA Crypto Regulation Seeks To Police NFTs And Algorithmic Stablecoins

A finalized text of the Markets in Crypto Assets (MiCA) legislation now seeks to bring Non Fungible Tokens (NFTs) and algorithmic stablecoins under its regulatory purview. According to a bill draft dated September 20, EU authorities have been urged to take a “substance over form” approach to the law, suggesting that NFTs such as BAYC’s […]

2022-9-23 21:29


The Council of the EU and the European Parliament have previously pre-negotiated on the provisions on crypto regulation

MiCA Rapporteur in the European Parliament Stefan Berger said the EU has become the first jurisdiction with a regulatory framework for digital assets. What’s the essence of this paper? The stablecoin reserves will be split – issuers will have to comply with strict operational and prudential rules and the volume of transactions will be limited […] Сообщение The Council of the EU and the European Parliament have previously pre-negotiated on the provisions on crypto regulation появились сначала на Coinstelegram.

2022-7-7 13:46


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