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EU Reaches Provisional Deal on Landmark Crypto Rules

  • Agreement will regulate industry across 27 member states
  • Directive addresses money laundering, environmental concerns
A customer inspects a Bitcoin price chart at a cryptocurrency ATM in Barcelona, Spain.

A customer inspects a Bitcoin price chart at a cryptocurrency ATM in Barcelona, Spain.

Photographer: Angel Garcia/Bloomberg
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The European Union late Thursday reached a provisional agreement on its landmark Markets in Cryptoassets (MiCA) directive, bringing years of debate on how to regulate the digital-asset industry to an informal close.

The key legislation will regulate the crypto sector with common rules across all 27 member states, marking the first time globally that lawmakers have attempted to supervise the sector on such a scale.