If there are two things tech companies really hate, it’s regulatory uncertainty and inconsistency. Good news for the embattled crypto sector, then, because the European Union’s comprehensive new crypto-asset bill—a world first—just cleared its final legislative hurdle.
The Markets in Crypto-Assets (MiCA) proposal first emerged from the European Commission nearly three years ago. The Commission, the European Parliament, and the bloc’s member states (represented by the Council of the EU) reached a political agreement on it last June, then the Parliament formally adopted the final version last month. The Council followed suit today, making MiCA a done deal. It will probably enter into force around the middle of next year.
