European Parliament Approves MiCA Law with Overwhelming Majority With an overwhelming majority of 517 votes for, 38 against, and 18 abstentions, the European Parliament has approved the Markets in Crypto Assets (MiCA) law. This marks a significant milestone towards a unified approach to regulating crypto assets across all 27 member states, targeting firms that offer services like marketing or trading platforms for cryptocurrencies. While the law has not yet come into effect, it is anticipated that the European Council will endorse it soon and make it an official regulation in the coming days.
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