European Union countries are close to reaching a deal in the Markets in Crypto-Assets (MiCA) regulatory framework, Bloomberg reports.
Negotiators still have to iron out certain issues before reaching a consensus.
The regulation of non-fungible tokens (NFTs) and stablecoins is a hot-button issue at the center of ongoing debates.
Regulators are mulling over limiting the size of transactions made with dollar-backed cryptocurrencies.
Member states are also considering creating a slew of anti-money laundering rules that have to be included in the regulatory framework.
Alex DovbnyaIn March, EU lawmakers also approved a crackdown on anonymous cryptocurrency transfers. The draft bill is still undergoing trialogue negotiations.
France, which is currently at the helm of the council of the European Union, is presiding over the ongoing discussions.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Godfrey Benjamin
Vladislav Sopov
Dan Burgin