EU’s Crypto Legal Framework Inches Towards Law With Finance Ministers’ Sign-Off

Landmark new crypto rules were signed off on Tuesday by finance ministers of the European Union (EU).

The EU’s Council, which represents 27 member states, unanimously approved the Markets in Crypto Assets regulation (MiCA), making the bloc set to be the first major jurisdiction in the world with a crypto licensing regime. It also agreed new anti-money laundering measures on crypto funds transfers.

Agreement to the laws was largely expected after ambassadors gave a green light to both MiCA and tax measures last week.

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