The MiCA framework, which was introduced in 2020, aims to simplify expansion for crypto businesses throughout the EU’s 27 member nations, and covers a wide range of rules for crypto issuers and service providers. It also includes special regulatory requirements for stablecoins, which are cryptocurrencies pegged to the value of other assets like the U.S. dollar.
Source: https://www.coindesk.com/policy/2022/03/30/eus-mica-bill-to-enter-next-phase-of-negotiations-on-thursday/?utm_medium=referral&utm_source=rss&utm_campaign=headlines