According to ChainCatcher news, European Banking Authority (EBA) President José Manuel Campa said that new regulations on the crypto asset market, known as MiCA, will come into effect in 2024, but crypto market participants should start adjusting their operations now.
In addition, the EBA president also said that upcoming EU rules governing stablecoins will focus on ensuring that issuers have diversified reserves, manage conflicts of interest, and do not transfer risks to other participants. (CoinDesk)
