EU Announces Full Regulatory Framework for Cryptocurrencies

After sharing a leaked draft a few weeks back, my followers have been sitting on the edge of their seats waiting for this news, which was expected.

The European Union’s executive branch has laid out plans to create a comprehensive framework for digital assets.

  • Dubbed the “Regulation on Markets in Crypto Assets” (MiCA), the bill will provide clarity on what constitutes a “crypto asset,” as well as definitions for different token subcategories.

You can read the official EU proposal here:

https://ec.europa.eu/finance/docs/law/200924-crypto-assets-proposal_en.pdf

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