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6/30, 10:35 PM (Source: TeleTrader)
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EU policymakers agree on legislation to regulate cryptos

Member of the European Parliament Stefan Berger announced Thursday on Twitter that European Union (EU) policymakers had agreed on legislation to regulate cryptoassets and their providers in the bloc.

For almost two years, EU representatives have been discussing the Markets in Crypto Assets (MiCA) framework. MiCA paves the way for cryptocurrency issuers to publish a manifesto called the "white paper" to register with authorities and maintain adequate bank-like reserves for stablecoins.

"I am confident that MiCA is a European success story and a global benchmark. Thanks to the negotiating team," Berger said on Twitter while stressing that the new framework had a "technological," "environmental," and "balanced" approach.

Baha Breaking News (BBN) / JG