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EU schedules MiCA cryptocurrency law debate

March 20, 2023


On 18 April 2023, the European Union will debate MiCA and will engage in talks about a controversial law known as the ‘transfer of funds regulation,’ which requires crypto providers to verify the identities of their customers. As far as MiCA is concerned, lawmakers on the parliament’s Economic and Monetary Affairs Committee voted 28-1 in favour of the legislation in October 2022 followed by an endorsement from national diplomats. Under normal parliament procedures the final vote on MiCA will take place just one day after these consultations, on 19 April.

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