EU lawmakers approve world’s 1st detailed framework for crypto regulation

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.

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