When it comes to crypto and how governments are dealing with legal issues around it, two distinct approaches seem to exist: America’s and the rest of the world’s.
Europe’s recent passage of its MiCA (Markets in Crypto Assets) legislation was a prime example of these different regulatory approaches to the crypto industry.
The legislation, which could potentially open up more banking services to crypto firms in the EU, passed by a large margin, with European members of parliament voting overwhelmingly in its favor. In America, the legislative progress is fragmented, with different proposals to regulation popping up all over the country in a piecemeal manner.
