EU agrees on rules to tame ‘Wild West’ crypto market | CNN


The European Union has agreed on ground-breaking rules for regulating crypto assets, EU lawmakers said on Thursday, as the rout in bitcoin piles pressure on authorities to rein in the sector.

Globally, crypto assets are largely unregulated, with national operators in the EU only required to show controls for combating money laundering.

Representatives from the European Parliament and EU states thrashed out a deal on the markets in crypto assets (MiCA) law, which is expected to come into force around the end of 2023.

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