Cryptocurrencies constituting its status in Europe and the main framework of the regulations. European Crypto Asset Markets (MICA) The regulation was adopted in today’s vote.
After the approval of the European Council at the beginning of October, the committee approved MICA, which will be voted once again in the European Parliament.
Approved at the end of a two-year process MICA The law was passed with 28 votes in favor and 1 against.
In order for the MICA law, which has passed the committee vote in the European Parliament, to be fully enacted, it must receive final approval by the entire European Parliament.
The entire European Parliament will vote for final approval of the law at the end of October.
Members of the European Parliament, in addition to the MiCA law, cryptocurrency It also votes on the Funds Transfer Arrangement, an anti-money laundering bill that requires transfers to include information about their parties.
While aiming to prevent money laundering with this regulation, this law is expected to be approved and enacted by the entire European Parliament together with MICA.
In his assessment of the MICA approval, Deputy Stefan Berger, who led the MICA negotiations, stated that he welcomed the vote and said,One step further. As a result of the negotiations, the MICA law was accepted by the EU Parliament committee. This is good news.” said.
The MICA law will enter into force 12 to 18 months after its publication in the official gazette, which is likely to happen next spring, if all goes as expected.
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