First EU-Wide Crypto Regulations Clear Final Parliament Vote
- New rules to come into effect over the next two years
- Some officials already pushing for second round of regulations
The final approval “marks the start of a new era of regulatory scrutiny on unregulated crypto markets’.
Photographer: Angel Garcia/BloombergThis article is for subscribers only.
European lawmakers on Thursday gave their final blessing to an ambitious law that will give the European Union its first rules to govern the crypto industry.
The approval of the EU’s Markets in Cryptoassets, or MiCA, regulation is the first time that governments have tried to supervise the upstart industry on such a scale and follows the collapse of several big players including the crypto exchange FTX.