The limitations of the EU’s new cryptocurrency regulations By Cointelegraph

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The limitations of the EU’s new cryptocurrency regulations

Published Feb 25, 2023 09:01AM ET Updated Feb 26, 2023 11:20AM ET

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The limitations of the EU’s new cryptocurrency regulations

The final vote on the European Union’s much-awaited set of crypto rules, known as the Markets in Crypto Assets (MiCA) regulation, was recently deferred to April 2023. It was not the first delay — previously the European lawmakers rescheduled the procedure from November 2022 to February 2023.

The setback, however, was caused solely by technical difficulties, and thus, MiCA is still on its way to becoming the first comprehensive pan-European crypto framework. But that will happen only in 2024, whereas during the second half of last year, when the MiCA text had already been mostly written, the industry was shaken with a number of shocks, provoking new headaches for regulators. There’s little doubt that in an industry as dynamic as crypto, the whole of 2023 will bring some new hot topics as well.

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