European Commission Urges Members to Agree on Crypto Regulations

European Commission Urges Members to Agree on Crypto Regulations
The European Commission, the executive branch that proposes legislation for the European Union, is urging its members to agree on its proposed Markets in Crypto Assets (MiCA) regulations this autumn, according to statements by the EU commissioner for financial services during a web forum Wednesday. Mairead McGuinness said that the commission is also hoping to finalize its proposed regulatory sandbox for financial products based on distributed ledger technology (DLT) by the end of the year.“Crypto assets are evolving fast, enabling homegrown firms to enter the market, while also attracting retail investors,” McGuinness said. ”It is our policy and our duty…