Historic Resolution for the crypto market: the European Parliament approved the MiCA Regulation

Today, the European Parliament made a historic Resolution for the crypto-assets market, approving new general rules for the supervision and protection of consumer rights regarding cryptocurrencies – Markets in Crypto assets (MiCA). The parliament voted with 517 votes «for», 38 «against» and 18 abstentions.

MiCA is a document that provides for the regulation of virtual assets in the EU, protecting users and investors in this field.

«This is a truly historic event, I am sure Ukraine will be one of the first countries to implement this regulation into national legislation. At the moment, the text of the draft law is almost ready, and soon we will start discussions with the main stakeholders», – Yurii Boiko, Commissioner.

We would like to remind you that the NSSMC, together with its partners, is actively working on the launch of the virtual assets market in Ukraine, and the MiCA Regulation was taken as the basis.