At a meeting on Tuesday, the EU Council, composed of the finance ministers of the member states, adopted the Markets in Crypto Assets (MiCA) legislation. The set of rules brings crypto assets, their issuers and crypto service providers under a Union-wide regulatory framework.
The formal adoption is the final step in the legislative process, the Council noted. It comes after a provisional agreement was reached in June 2022, following trilogue negotiations with the European Parliament and the Commission, and the EU lawmakers’ vote in April of this year.
