Whilst Bitcoin (CRYPTO: BTC) remains below $20,000, the EU have finalised the MiCA Proposal - Markets in Crypto-assets (legislative proposal developed to help streamline distributed ledger technology (DLT) and virtual asset regulation in the European Union). These regulations will challenge crypto companies to help prevent money laundering and other illicit activities potentially involving digital assets.
Spanish Green Party lawmaker Ernest Urtasun, who took part in the process, explained:
