The EU Parliament has approved the MiCA bill on the regulation of cryptocurrencies
Thus, the EU will become the first major jurisdiction in the world to introduce a comprehensive law on the regulation of cryptocurrencies.
Members of Parliament also voted for a law that would require crypto operators to identify their customers.
The law comes into force in June 2024 for issuers of stablecoins, and in December 2024 for all others (crypto asset service providers, etc.)
CZ stated that Binance is already ready to make adjustments to the business over the next 12-18 months to ensure full compliance with the requirements.
