Yesterday the European Union reached a provisional agreement for the Markets in Crypto-assets (MiCA) regulation. But the process still has a couple of smaller steps.
“Today, we put order in the Wild West of crypto assets and set clear rules for a harmonised market that will provide legal certainty for crypto asset issuers, guarantee equal rights for service providers and ensure high standards for consumers and investors,” said Stefan Berger, the conservative Member of Parliament responsible for the trilogue negotiations.
He added, “This Regulation will help to move crypto markets away from the dodgy backwaters of the internet by applying minimum standards that are similar to other types of financial services.”
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