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.
While the digital euro will boost financial inclusion, it has the risk of bank disintermediation; regulators say as they called for friendly Bitcoin policies.
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 French central bank published a detailed discussion paper this week on DeFi, exploring its risks and the potential regulatory changes that could mitigate them.
To strengthen its AML/CTF regulations, EU lawmakers approved three new draft legislations that would ensure to uphold transparency, heighten authorities' supervision, and set up an AMLA unit.
The EBA is on the hunt for an individual with sufficient expertise in digital assets and one that could supervise financial institutions in an effort to ensure the smooth enforcement of the MiCA law.
While some, like Hong Kong, have modified their regulatory outlook to attract VASPs and investors, Dutch AFM says it will keep being hard on the industry.
The proposed change to the AML rules fills a noticeable gap in the EU’s landmark Markets in Crypto-Assets (MiCA) regulation, which currently excludes NFTs from its remit.
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.
Israel's proposed legislations in regulating stablecoins include restricting algorithmic stablecoins and uncollateralized assets, as well as "borrowing" the EU's MiCA to supplement local laws.
Apart from the planned meeting with EU officials on the MiCA regulations, U.S. authorities will also hold talks with controversial digital asset firms, including Binance, Ripple, and Coinbase.
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.
