EU Parliament vote on MiCA Regulation postponed until April

The European Parliament’s vote on the Markets in Crypto Assets (MiCA) regulation, a crucial piece of legislation for the European Union, has been postponed until April. The vote was originally due to take place in February.

The MiCA aims to put in order the so-called “wild west of crypto assets,” as referred to by policymakers. In particular, it provides regulations for the licensing of companies that offer crypto services within the EU, as well as for the issuance of stablecoins.

In the wake of a tumultuous year in the crypto markets, several European nations are advocating for more stringent cryptocurrency rules. France’s policymakers and central bankers, for example, have suggested the obligatory licensing of crypto organizations by 2023.