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ARTICLE · 31 OCTOBER 2022

EU Close To Introducing Groundbreaking Law To Regulate Crypto

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In October 2022 the European Council approved the Markets in Crypto-Assets (MiCA) Regulation, one of the first attempts globally at comprehensive regulation of cryptocurrency markets.

European UnionTechnology
Justin Williams
Justin Williams
Davina Garrod
Davina Garrod
Peter I. Altman
Peter I. Altman
Ezra Zahabi
Ezra Zahabi
Jenny Arlington
Jenny Arlington
Alexander Armytage
Alexander Armytage
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In October 2022 the European Council approved the Markets in Crypto-Assets (MiCA) Regulation, one of the first attempts globally at comprehensive regulation of cryptocurrency markets. The regulation extends to money laundering, consumer protection, the accountability of crypto companies and environmental impact. The European Union (EU) is a pioneer in digital regulation, and the breadth of MiCA means that it will have a significant global impact.

Introduction

What is the legislation and what is it for?

The Markets in Crypto-Assets Regulation ("MiCA" or "the Regulation") is a new piece of wide-ranging EU legislation designed to regulate crypto-asset-related activities carried on in the EU. MiCA covers several key areas including transparency, disclosure, authorisation and supervision of transactions. The Regulation applies to natural and legal persons and other undertakings that are engaged in the issuance, offer to the public and admission to trading of

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