The European Council, which represents 27 member states, unanimously approved the Markets in Crypto-Assets Regulation (MiCA). MiCA requires crypto companies such as wallet providers and exchanges to seek operating licenses and requires stablecoin issuers to hold appropriate reserves.
As previously reported, in April, the EU Parliament approved the EU Crypto-Asset Market (MiCA) by a vote of 517-38. (CoinDesk)
