MiCA’s Texts Ready in 6 Weeks
MiCA (Markets in Crypto Assets) will be the main regulatory framework for crypto companies that remain active in the EU zone.
The texts will be ready in the next 6 weeks in order to be discussed in the European Parliament.
This law is not expected to set exact parameters regarding how crypto companies will operate but there are guidelines on how EU members should regulate their own markets and form their regulations.
Even if the basic characteristics of the legal framework has been drawn in blurred lines, there are more to be done in more specific topics like the connection between NFTs and artwork, in terms of real ownership.
The regulation will be implemented 18 months after being approved and published from the European Parliament. Until then, there are only discussions…