EU Council adopts first legal framework to regulate crypto sector

Variety
16-05-2023 | 05:47
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EU Council adopts first legal framework to regulate crypto sector
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EU Council adopts first legal framework to regulate crypto sector

The European Council on Tuesday said it had adopted the world's first comprehensive set of rules for cryptoassets regulation (MiCa).

MiCA, which was already approved by EU member states and the European parliament, requires crypto firms to be authorized by the EU to serve customers in the bloc, and to comply with safeguards against money laundering and terrorism financing.

 

Reuters

EU

Council

Adopt

First

Legal

Framework

Regulate

Crypto

Sector

Currency

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