Lead Lawmaker: EU's MiCA Crypto Law Text Could Be Ready Within 6 Weeks

The text for the European Union’s landmark Markets in Crypto Assets (MiCA) Regulation could be ready within six weeks, leading lawmaker Stefan Berger said. Lawmakers and governments had reached agreement on the main outline of the legislation, which requires crypto asset providers to register with regulators in to offer services across the bloc, on June 30. But in the absence of a final legal text there is still considerable uncertainty on the law's finer points, such as whether the rules will apply to NFT, which offer proof of ownership of assets such as artworks using distributed ledger technology. The law is set to create parameters for how each of the European Union's member nations regulates crypto. It's expected to create a common licensing regime, making it easier for companies operating in one member nation to launch in the others, as well as define rules for issues such as stablecoin issuance.
Source

Policy and Regulation

Related News
'He signs whatever I say': LIBRA token 'facilitator' Hayden Davis claims he paid Argentine Pres. Milei's sister for influence: report 'He signs whatever I say': LIBRA token 'facilitator' Hayden Davis claims he paid Argentine Pres. Milei's sister for influence: report
Argentinian President Javier Milei charged with fraud over $LIBRA token scandal: AP Argentinian President Javier Milei charged with fraud over $LIBRA token scandal: AP
Bitwise files Dogecoin ETF registration, firm confirms Bitwise files Dogecoin ETF registration, firm confirms
Trump-backed World Liberty Financial swaps approximately $90 million worth of stablecoins for ETH, LINK and other tokens Trump-backed World Liberty Financial swaps approximately $90 million worth of stablecoins for ETH, LINK and other tokens
World Liberty Financial sees surge in token sales following Donald and Melania Trump memecoin launches World Liberty Financial sees surge in token sales following Donald and Melania Trump memecoin launches
Latest News More More
1 Day Ago Citigroup predicts stablecoin supply could hit $3.7 trillion by 2030
1 Day Ago Ark Invest raises 2030 bull-case bitcoin price projection to $2.4 million on 'aggressive' modeling
2 Days Ago Zora airdrop triggers confusion as token launches without announcement, requires users claim manually
3 Days Ago pot bitcoin ETFs see $936 million inflows as 'safe haven' narrative strengthens
3 Days Ago Binance South Africa to require information on senders and recipients for local compliance
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open