- MiCA has passed another milestone.
- The EU Council has adopted new tax rules for the nascent market.
- MiCA promises clarity for crypto businesses.
Cryptocurrency regulations have become a hot topic in recent years as various jurisdictions debate how the emerging market should be regulated or whether it should be regulated at all.
In this process, some jurisdictions are far ahead of others. One such region is Europe, whose parliament passed the Markets in Crypto-Assets (MiCA) bill in April after nearly three years of development. The bill has now cleared a vote by the EU Council.
MiCA a Step Closer to Becoming Law, Tax Rules Target the Rich
The EU Council, representing the finance ministers of the 27-member bloc, unanimously approved the MiCA in a vote on Tuesday, May 16.
