The European Parliament, convened on June 30, stated that the European Union has agreed on wide-ranging regulations in order to contain the severe decline in Bitcoin.
The Parliament stated that many stock exchanges in the global market are still far from regulation, while stock exchanges operating in Europe are only money laundering He stated that it was regulated.
At the meeting attended by the representatives of the European Parliament and the EU, the parties, 2023A legal framework for crypto regulations that is expected to come into effect at the end of MiCa agreed upon.
Stefan Berger, who led the negotiations on behalf of the Parliament, made the following statements in his speech:
Today, we have brought order to the Wild West of crypto assets and set clear rules for a regulated market. The recent decline in digital currencies shows us how speculative assets they are. That’s why it was important to take action.
Ernest Urtasun, another member of the parliament, said that MiCA first comprehensive regulation He stated that it will include effective measures against market manipulation and abuses.
The new law includes crypto assets, issuers and related service providers, capital and consumer protection laws and to investors across Europe registration number by giving a central registrar aims to create
Urtasun states that the main regulators for the crypto market will be the EU states, but only if investor protection and financial stability are threatened. ESMA(European Securities and Markets Authority) may enter.
Thursday’s talks, crypto assets control and energy consumptionHe also touched upon issues such as Attorney Berger said, “In the future, crypto-asset issuers will energy consumption of assets. and effects on the environment We decided they needed to explain.” said.