The European Union’s crypto asset markets regulation, known as MiCA, will be discussed on April 18 in the European Parliament, heralding a final formal agreement on the landmark law that will introduce a regime of crypto licenses across the bloc, according to an agenda. published on the Parliament website.
The political contours of the law were finalized last June, but there were several delays to definitively agree on a legal text, which must be translated into the 24 official languages of the EU.
According to normal parliamentary procedures, the final vote on MiCA will take place the following day, April 19.
The MiCA debate will be followed by discussions on another law known as regulation of fund transferswhich controversially requires crypto providers to verify customer identities and was also provisionally accepted in June.
The legislation offers crypto companies such as wallets and exchanges a license to operate across the bloc in exchange for meeting governance and consumer protection standards, and also introduces reserve requirements for stablecoins. If approved, it will be published in the Official Journal of the EU and enter into force one to three years later.
UPDATE (March 20, 11:10 UTC): Adds additional details.