Final ratification of the crypto laws will position Europe as a global leader in regulation


The European Union has given its final approval to a new set of rules that will make Europe a global leader on cryptocurrency regulation.

The new set of rules, known as the Markets in Crypto-Assets Regulation (MiCAR), was approved by the European Parliament on Tuesday. The rules will come into effect in 2021.

The regulations will create a framework for the EU to regulate crypto-assets and digital assets, including digital coins and tokens.

The rules will also require crypto-asset service providers to register with the European Securities and Markets Authority (ESMA) and comply with the EU’s anti-money laundering and terrorist financing rules.

The regulations will also ensure that crypto-assets are traded on EU-regulated exchanges and that consumers are adequately protected.

The approval of the regulations is seen as a major step forward for the EU in becoming a global leader on cryptocurrency regulation. The EU has already taken steps to regulate the market, such as establishing a task force to analyze the risks associated with cryptocurrencies.

The approval of the regulations is also seen as a sign of the EU’s commitment to protecting investors and ensuring the stability of the crypto-asset market.

The rules are also likely to be welcomed by the cryptocurrency industry, which has long called for regulation to provide clarity and certainty to the market.