Final approval has landed on the MiCA regulatory framework after extensive periods of contemplation. But instead of optimism, the recent news raises more concerns.
Crypto Identification Mandate
Markets in Crypto-Assets (MiCA), first introduced in 2022, came to a final decision on Tuesday, May 16. The EU’s much-anticipated regulatory framework got approved by the finance ministers and is coming into effect in 2024.
The European Union reached a significant milestone in regulating assets with the council’s final approval of the MiCA frame slated for release in February.
The groundbreaking legislation, designed to establish a standardized approach to cryptocurrencies throughout the EU, faced delays and was rescheduled for April.
However, a key highlight of the MiCA law has stirred controversies following the announcement.
The legal document, titled ‘REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on information accompanying…
