EU agrees on MiCA regulation to crack down on crypto and stablecoins
Cointelegraph
Published Jun 30, 2022 10:26PM ET
Updated Jul 01, 2022 12:00AM ET
Officials from the European Union (EU) have agreed on a landmark law that will make life tougher for crypto issuers and service providers under a new single regulatory framework.
Stefan Berger, European Parliament member and rapporteur for the MiCA regulation — the person appointed to report on proceedings related to the bill — broke the news on Twitter (NYSE:TWTR) saying that a “balanced” deal had been struck, which has made the EU the first continent with crypto-asset regulation.
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Written By: Cointelegraph
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