MiCA, the regulatory framework of the European Union (EU) on the cryptocurrency market, has been finalized by the Council of Europe.
The EU’s preparations for the cryptocurrency market MiCA legislation, 16 May in total on 27 members the state finance ministers by by signing received official approval. EU, together with MiCA first major crypto jurisdiction recorded as.
In the statement, cryptocurrencies as before crypto asset was named.
Swedish Ministry of Finance On the subject, they are very happy that they have fulfilled their promise to start regulating the digital asset sector, and that they are very happy with the latest developments in the cryptocurrency market. your developments One need regulation opinions about it that you support suggested. Ministry, investing in the cryptocurrency market European citizens better with new legislation they will protect and the industry money laundering And to criminal activities to be the subject they will prevent stated.
Head of Labor Economics of the Council of Europe Valdis Dombrovskisdigital assets and cryptocurrencies economic activities And innovation great for guiding to potential but also in supporting criminal activities. potential stated that it has. Dombrovskis, tax rules to address these issues of the update And various measures to receive national administrations more taxes productive He said it would help him collect.
Within the scope of approval, next year’s legislation June or July It is expected to enter into force in May. to their work 2020 of the year September MiCA, which started in from the European Parliament had approved. With approved MiCA crypto companies regulatory framework was taken under.