European Union ( EU) crypto regulation MiCA, It was published in the Official Journal of the European Union.
There has been a new development in the EU these days, as the crypto industry is swarming with regulatory conflicts. EU, which he has been working on for a long time and passed through the executive bodies MiCA took the official step for it. Containing crypto regulations MiCA, Official Journal of the European UnionPublished in.
EU Takes Official Step for MiCA
European Union ( EU), the crypto regulation law officially enacted MiCA.
Crypto licensingcontaining important laws and regulations MiCA, as of today Official Journal of the European Union It was broadcast in . According to the relevant law published, crypto service providers have to be careful about many issues. Especially crypto walletproviders will have to identify their customers in money transfer transactions.
This move, which came in the middle of the regulatory processes that turned into a conflict environment in the USA, attracted intense attention from the crypto community. The crypto laws that fall under the EU’s statute will first enter into force on December 30, 2024. Some provisions of MiCA will be implemented on 30 June 2024.
Moreover MiCA will allow crypto companies to operate on a general scale. These activities will be protected by legal regulators.
