The European Parliament has approved its Markets in Crypto Asset law (MiCA) which will allow the European Union to regulate the crypto industry.
After the approval of the much-delayed MiCA Law, the European Union will be able to regulate the cryptocurrency industry in its fight against money laundering and the financing of terrorism. It was voted by a large majority
A spokesperson for the Group of the European People’s Party, Stefan Berger, said:
“With the MiCA regulation, the European crypto-asset industry has a regulatory clarity that countries like the United States do not have.”
This is a breaking news story.
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Source: https://beincrypto.com/european-parliament-approves-mica-law/