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Posted on Apr 20, 2023Read on Mirror.xyz

EU Parliament approves first EU-wide cryptocurrency regulation MiCA

Market news: The European Parliament approves the first EU-wide cryptocurrency regulations. EU lawmakers voted 517-38 in favor of the new cryptocurrency licensing regime MiCA on Thursday, with 18 absent, making it the first major jurisdiction in the world to introduce comprehensive encryption laws. The European Parliament also voted 529 to 29 in favor of a separate law called the Funds Transfer Regulation, which would require cryptocurrency operators to identify their customers to stop money laundering, with 14 abstentions.