EU | European Council approves MiCA Regulation

International
On October 5, 2022, the European Council approved the final version of the Proposal for a Regulation on Markets in Cryptoassets
EU | European Council approves MiCA Regulation
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October 7, 2022

Key aspects

>   The European Council’s approval of the MiCA Regulation is a significant move forward for the cryptoassets industry on a European and worldwide level.

>   The European Parliament still has to approve the MiCA Regulation; the vote is scheduled for October 10, 2022. 

>   Entities engaging in cryptoasset activities will have up to 18 months to comply with this regulation, which is expected to become applicable by the end of 2024.

 

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October 7, 2022