- Council of the EU, one of the European Union’s legislative bodies, has approved the proposed regulatory framework for the European crypto space.
- It’s now up to European lawmakers to approve the Markets in Crypto Assets package before its final adoption.
- In a letter, COREPER Chair Edita Hrda confirms that “should the European Union adopt its position at first reading… the Council would, in accordance with Article 294, paragraph 4 of the Treaty, approve the European Parliament’s position and the act shall be adopted in the wording which corresponds to the European Parliament’s position”.
EU Council Endorses Markets in Crypto Assets (MiCA) Legislation
