The legislation prepared by the European Union to comprehensively regulate the cryptocurrency market has received the approval of the European Parliament.
The regulation called Markets in Crypto-Assets, known as MiCA for short, It was in preparation for two years.
In the most recent voting in the European Parliament; 28 of the votes belong to MiCA to approve while only one vote was cast negatively.
By the end of this month, the European Parliament has agreed that cryptocurrency regulation can come into effect. a final vote will arrange.
In addition to the European Parliament MiCA; It votes on a separate regulation that will enable the collection of information about the sender and receiver party in crypto money transactions.
Both regulations are expected to be finalized and put into effect. The process of implementing these legislations Completion in 2024 envisaged.