![European Council approves MiCA Regulation](https://www.cuatrecasas.com/images/cache/publication_detail/resources/servicios-financieros-1920x1080-03-6340129029444578468354.jpg)
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.