The European Union has agreed on landmark rules for regulating the cryptocurrency industry, whose meltdown has been wiping out fortunes and sparking calls for tighter scrutiny worldwide.
EU negotiators hammered out the final details for a provisional agreement late on Thursday on a sweeping package of crypto regulations for the bloc’s 27 nations, known as Markets in Crypto Assets, or MiCA.
"Today, we put order in the Wild West of crypto assets and set clear rules for a harmonised market,” said Stefan Berger, the lead lawmaker negotiating the rules.
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EU agrees on landmark crypto regulation in wake of Terra meltdown and Bitcoin plunge | Euronews
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