The Gillibrand-Lummis bill intends to distinguish Tether and Circle as lawmakers look to allow state non-depository trust companies to issue stablecoins with market caps below $10 billion.
The consultation set for July regarding the provisions contained within MiCA will revolve around data needed to obtain a permit, complaint-handling procedures, and management policies, among others.
European Parliament President Roberta Metsola formally signs the long-awaited MiCA regulation into law, bringing regional digital assets providers and issuers under a common regulatory framework.
Ukraine, which isn’t a full member of the European Union yet, will implement the region’s digital asset regulation framework MiCA, which was voted in just this month.
The European Union is bracing for a host of regulations focusing on safeguarding consumers and protecting the region's financial stability following the European Parliament's approval of MiCA.
French lawmakers have passed new laws that tighten measures on cybersecurity, internal controls, and anti-money laundering but are not as tough as proposed in December.
While the digital euro will boost financial inclusion, it has the risk of bank disintermediation; regulators say as they called for friendly Bitcoin policies.
The final stamp of approval for the MiCA bill was granted by EcoFin on May 16, alongside the adoption of two more pieces of legislation focused on transferring funds and certain digital assets.
The European Union faces another delay in voting for the passing of its proposed MiCA regulation as it struggles to translate the 400-page file into 24 languages.
The MFSA has launched a public consultation on proposed changes to its digital asset regulations to align them with the European Union's MiCA regulations, which will come into force in 2024.
ESMA wants investment firms to be honest with their clients on the relative lack of regulations for products like gold and digital assets across jurisdictions.
Under the current Virtual Financial Asset regime, which was set up in 2018, NFTs are subject to specific requirements upon launching and must also issue a product whitepaper before the issuance.
