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

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.

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