The EU brings crypto assets, crypto assets issuers and crypto
asset service providers under a regulatory framework for the first
time. The much-anticipated regulation is expected to completely
change the crypto landscape.
On 30th of June, the European Union (EU) policymakers, after
nearly two years of negotiations, have finally reached to a
provisional agreement with regards to a landmark regulation on
digital assets that is harmonized across EU member states.
The proposed legislation, Markets in Crypto Assets Regulation
("MiCA"), main objectives will cover issues such as,
consumer and investor protection and market integrity, support for
innovation, financial stability, and finally legal certainty.