European Council Takes One Step Closer to Ratifying Landmark Crypto Regulation

European Council Takes One Step Closer to Ratifying Landmark Crypto Regulation
The European Union’s (EU) proposed framework for regulating crypto is one step closer to ratification.On Wednesday, the European Council, which sets the EU’s political agenda, adopted its position on the Markets in Crypto Assets (MiCA) framework, according to a statement on its website. This means that the Council and the European Parliament can now enter into negotiations on the proposal before it is formally adopted as law. This agreement also formed the Council’s negotiating mandate for discussing MiCA with the European Parliament.The MiCA framework broadly captures cryptocurrencies like bitcoin and promises to make it simpler for crypto firms to expand…