The steps towards cryptocurrencies, which have faced serious decreases recently, continue without slowing down. While many companies continue to invest in these technologies, authorities are trying to take measures for the negative effects of these digital assets.
Now, a step has come from the European Union regarding cryptocurrencies, which are becoming increasingly popular all over the world. According to the statements, the European Parliament has agreed on a new ‘crypto regulation’ aimed at protecting consumers and service providers in EU states. It has been reported that this arrangement will provide security in many issues.
The new law aims to protect against criminal activity and the climate crisis
According to the European Parliament, this arrangement has been given the name ‘MiCA’, which stands for ‘markets in crypto assets’. Stefan Berger from Germany also defined the regulation in his statements with the words “MiCA will become a global standard setter for the crypto world”. In addition, it was stated that the regulation would create protection on many issues such as fraud, different criminal activities, and the climate crisis.
Berger added: “MiCA will ensure a compliant market, legal certainty on crypto assets, and high standards for consumer protection as well as a level playing field for service providers.” of the arrangement; It was stated that it will regulate crypto offerings, try to prevent money laundering by registering with the authorities, and require major crypto services to disclose data on issues such as energy consumption and environmental impacts to national authorities.
He also states that the law covers leading crypto assets such as Bitcoin and Ether; however, it is worth noting that it will not include NFTs, which are very popular in money laundering. It is stated that such assets may fall within the scope of regulation in line with new decisions to be made in the future.
19276
