MiCA passed from the European Parliament

European Parliament passed on Thursday 20 April the new legislation for cryptos, under the name MiCA (Markets in Crypto Assets).

 

Under the specific law, EU will try to protect consumers from bad actions from crypto exchanges who are active in the EU.

 

The legislation will be activated in the mid-2024 and the first reactions from the industry were really warm.

 

Tightening the rules and the overall harmonization with good practices for avoiding money laundering and financing illegal activities.

 

Many players like Coinbase and Nexo and institutional players like Deutsche Bank spoke for a new day in the crypto sector, that seems to make a new beginning.

 

We wait to learn the next steps from now on…..