Sweeping new regulations that will soon govern the EU's entire cryptocurrency industry will prompt significant supervisory changes and introduce far stronger requirements to protect investors from fraudsters, Baltic officials said Wednesday. On Tuesday, the European Council, which represents the EU's 27 national governments, formally adopted the regulation on markets in crypto-assets, or MiCA, viewed as the world's first comprehensive framework for subjecting virtual asset service providers, or VASPs, to rules designed to prevent market abuse, enhance financial stability and safeguard customers. Aija Zitcere, a policy director at Latvia's Finance Ministry, told an industry conference in Vilnius, Lithuania, on Wednesday that...
The Council of the EU and the European Parliament adopted new regulations of markets in crypto-assets, which covers the offering and trading of crypto-assets and related services.
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