Ukraine to Embrace European Union’s MiCA Crypto Regulations

Ukraine to Embrace European Union’s MiCA Crypto Regulations

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Ukraine is set to adopt MiCA Crypto regulations into its legislation formally. 
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MiCA in its regulations has 27 regulatory frameworks to be followed by entities across the bloc. 
The European Union is now the first major jurisdiction in the world to institute a comprehensive crypto law. European Commission introduced Market in Crypto Assets (MiCA) regulations in 2020. European Parliament recently voted positively on the bill, slated to become law soon. In aligning itself with the EU, Ukraine is set to adopt MiCA regulations into its legal framework.

I welcome the European Parliament’s vote today to approve comprehensive EU rules on crypto: a world first.
The rules will start applying from next year. We’re protecting consumers and safeguarding financial stability and market integrity. pic.twitter.com/cdn58rb9FA
— Mairead McGuinness (@McGuinnessEU) April 20, 2023

Ukraine Following EU’s Footsteps
Ukraine was granted European Union candidatur

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