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MiCA: EU states approve world’s first comprehensive crypto rules

European Council President Charles Michel attends a news conference in the course of talks with Moldovan President Maia Sandu in Chisinau, Moldova, March 28, 2023. REUTERS/Vladislav Culiomza

By Bart Meijer

The European Council on Tuesday said it had adopted the world’s first comprehensive set of rules for crypto assets regulation (MiCa).

MiCA, which was already approved by EU member states and the European Parliament, requires crypto firms to be authorised by the EU to serve customers in the bloc, and to comply with safeguards against money laundering and terrorism financing.

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