Europe Approves World’s First Cryptocurrency Regulations

On May 16, EU ministers approved the Markets in Crypto-Assets (MiCA) legislation, making it the world's first cryptocurrency regulations.

The European Union has approved a set of rules—the first such regulation in the world—to regulate crypto assets like cryptocurrencies and tokens in a bid to curb money laundering activities and protect investors.

The markets in crypto-assets (MiCA) legislation was approved on May 16 by EU ministers. The new rules will increase transparency and create a ...

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