On Monday, European Union (EU) lawmakers voted 28 to 1 in favour of landmark new crypto laws, effectively ensuring the passage of legislation approved by the bloc’s national governments last week. The Markets in Crypto Assets regulation (MiCA) allows providers of wallets and other crypto services to market themselves across the EU if they register with national authorities and meet minimum guarantees aimed at protecting investors and ensuring stability. The law will go into effect between 12 and 18 months after it is published in the EU’s official journal, which is expected next spring.
