The Council of the European Union has given its final approval to new regulations for crypto assets and markets in the EU. The Markets in Crypto Assets (MiCA) legislation is designed to regulate the supervision, consumer protection, and environmental safeguards of digital assets, including cryptocurrencies like bitcoin. It also covers utility tokens, asset referenced tokens and stablecoins. Mica is part of a larger digital finance package, which includes a digital finance strategy, a Digital Operational Resilience Act, and a proposal on a distributed ledger technology pilot regime. Share your thoughts on the regulation in the comments section below.
EU Council Adopts New Rules for Europe’s Crypto Markets
