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News Explorer — EU Unanimously Approves MiCA, Sets up Crypto Regulation and Taxation Rules

Generated by AI, curated by humans

May 16, 10:02 am

Decrypt

EU Unanimously Approves MiCA, Sets up Crypto Regulation and Taxation Rules

The European Union's Markets in Crypto Assets (MiCA) has been unanimously approved by the Economic and Financial Affairs Council (EcoFin) with no objections. The regulation is set to become law this summer, with an implementation period for companies and regulators to adjust to the new rules. The EU's approach to crypto regulation has been welcomed by the industry and regulators, and the Council also reached an agreement on its position regarding various tax rules.

The European Union's Markets in Crypto Assets (MiCA) has been unanimously approved by the Economic and Financial Affairs Council (EcoFin) with no objections. The regulation is set to become law this summer, with an implementation period for companies and regulators to adjust to the new rules. The EU's approach to crypto regulation has been welcomed by the industry and regulators, and the Council also reached an agreement on its position regarding various tax rules.

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