The European Union Parliament has passed a proposedlaw for the comprehensive regulation of thecryptoindustry, known as MiCA

The #EuropeanUnionParliament has passed a proposed

law for the comprehensive #regulation of the

#cryptoindustry, known as #MiCA

In January, legislators postponed the final consideration

of the rules until April due to technical difficulties,

including the challenge of translating the almost 400-page

document into 24 official EU languages

With MiCA, #market participants will no longer have to

navigate 27 sets of different #nationalregulatoryacts.

simplifying the authorization process for crypto asset

#serviceproviders (#CASP) operating in the #EU's single

market, according to experts at Chainalysis.

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