Key Points
- In a vote Thursday, the EU Parliament voted 517 in favor and 38 from to go the Marketplaces in Crypto Act, or MiCA.
- The guidelines will impose a quantity of requirements on crypto platforms, token issuers and traders all-around transparency, disclosure, authorization, and supervision of transactions.
- MiCA is the most thorough regulatory framework for electronic assets to day.
- The parliamentary blessing paves the way for MiCA to turn out to be regulation in 2024, placing the EU a stage forward of the U.S. and U.K.
