The Markets in Crypto-Assets (MiCA) regulation has received overwhelming support from the Economic and Financial Affairs Council of the European Union. With an impressive 27 votes in favor, finance ministers from all member states have given the green light to this highly-anticipated legislation. In addition, the European Parliament has adopted two additional legislations concerning transfers of funds and certain crypto assets. MiCA establishes clear guidelines and requirements for cryptocurrencies, ensuring a secure and regulated environment. The bill's publication in the EU journal will precede its transformation into law by mid-2024.
