EU’s final vote on Markets in Crypto-Assets (MiCA) regulation postponed until April
The European Union’s landmark crypto regulation, Markets in Crypto Assets (MiCA), won’t see a final vote in the European Parliament until April, stalling the process for the new rules to be enforced. was postponed to February in November, also due to translation issues.
MiCA is one of the first EU regimes to supervise the crypto sector and aims to tame what policymakers call the “wild west of crypto assets.” Most significantly, MiCA lays out rules for licensing firms offering crypto services in the EU and regulates stablecoin issuance. The delay is “technical” and most likely caused by issues in translating the almost 400-page file into the 24 official languages of the bloc, an EU Parliament spokesperson told to The Block.