Cryptocurrency News

EU agrees on MiCA regulation to crack down on crypto and stablecoins

2022.07.01 07:36

EU agrees on MiCA regulation to crack down on crypto and stablecoins
EU agrees on MiCA regulation to crack down on crypto and stablecoins

Officials from the European Union (EU) have agreed on a landmark law that will make life tougher for crypto issuers and service providers under a new single regulatory framework.

Stefan Berger, European Parliament member and rapporteur for the MiCA regulation — the person appointed to report on proceedings related to the bill — broke the news on Twitter (NYSE:TWTR) saying that a “balanced” deal had been struck, which has made the EU the first continent with crypto-asset regulation.

Stablecoins hobbled

Consumer protections

The new sheriff: ESMA

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