Members of the Committee on Economic and Monetary Affairs of the European Parliament voted on October 10 by a majority in favor of the MiCA cryptocurrency regulation bill.
28 votes were cast in favor of the document, 1 against – 1. Deputy Stefan Berger called the results “good news.”
Final approval by the European Parliament is expected before the end of October. The document will be published in the Official Journal of the EU early next year, before it comes into force from 2024.
On October 5, the members of the Council of the EU signed the text of the draft law on the regulation of digital assets without further discussion. The MiCA includes rules that apply to issuers of unsecured crypto assets, issuers of stablecoins, trading and custodial platforms.
Crypto asset service providers will be required to adhere to strict requirements aimed at protecting consumers, and trading platforms will be required to provide white paper.
Recall that in early July, the European Parliament and the Council of the European Union agreed on a preliminary version of MiCA. The draft law did not affect the NFT, but the relevant provisions may be introduced later.
In September, it became known that the representatives of Germany, Italy and the Netherlands insisted on maintaining the provision for a limit of €200 million per day on stablecoin transactions with non-euro collateral.