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ARTICLE · 08 JULY 2022

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EU Agrees On Landmark Regulation On Cryptos 7 July 2022

AGPLAW | A.G. Paphitis & Co. LLC
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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...

European UnionTechnology

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.

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