EU ‘Markets in Crypto Assets’ proposal places emphasis on stablecoin governance
ambcrypto.comAt a time when most financial regulators worldwide are sailing their way through enacting cryptocurrency regulations, the European Union (EU) has been assuming an urgent pace to release a planned framework regarding the novel asset class.
The next step towards the same was taken on Wednesday, when the European Council, which guides the EU’s political agenda, announced its position on the Markets in Crypto Assets (MiCA) framework, according to an official statement.
This move has made way for the Council and the European Parliament to enter into negotiations before the proposal is formally adopted into legislation.
Through the MiCA framework, the European regulators are aiming to provide protection to investors and consumers from not only fraud
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