In the European Parliament, voting for MiCA crypto regulations will begin on April 20, 2023.
If passed, MiCA would receive final approval in May 2023.
EU Crypto Regulations: 2022 witnessed multiple crypto events that made investors lose trust in the industry, and many called for a dire need for regulations in the crypto industry. Many nations are trying to devise rules to manage the crypto industry. The European Union’s new regulations are supposed to end the industry’s ‘wild west’ era and reinstate lost trust.
Upcoming EU Crypto Regulations
The proposed Markets in Crypto Assets (MiCA) regulation will be voted upon on April 20, 2023. There were serious discussions in the parliament on the proposal on April 19, 2023, where many supported the initiative as a significant step forward in the bloc.
A Spanish MEP, Ernest Urtasun, was tasked with putting the legislation together. The regulations were aimed at marking the end of the ‘wild west’ era, where crypto entities coul
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