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May 16, 2023Law & sovereign policyLegislationdocumented

Council of the EU formally adopts MiCA

The Council completed the legislative adoption of the Markets in Crypto-Assets regulation.

MiCA established harmonized rules for crypto-asset service providers, market conduct, and several token categories across the EU. Bitcoin has no issuer, so issuer-specific requirements do not map to it in the same way as to centrally issued assets.