European Parliament Approves MiCA: When Will Crypto Law Be Enforced?

The European Parliament has approved the final vote on the regulation of MiCA legislation regarding the legal regulations to be brought to the cryptocurrency market.

On the regulation of the European Union (EU) crypto money industry turning point accepted as MiCA legislation during the day European Parliament by to vote presented. The legislation passed with 517 votes against 38 negative votes. enactment on the way to the next step said to have passed.

legislation approved by parliament. of the Council of Europe to approval submission Waiting. Although experts The Council of Europe rarely with parliament opposing decisions Although it is worth noting that the legislation enactment for your council approval is required also underlined. In addition, MiCA, which has been approved by the Parliament, is expected to be published in the Official Gazette of the EU in June and enter into force in 2024.

member of the European Parliament Stefan Berger made on the subject in the statementMiCA youth And unpredictable to a sector stability will bring and Europe blockchain ecosystem forerunner he said he would.

A regulatory framework by crypto ecosystem actors. will bring clarity and innovation free continue in a development environment will provide legislation considered, many in Europe lobby group and cryptocurrency user by is supported.


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