The European Crypto Asset Markets (MICA) regulation, which constitutes the status of Bitcoin (BTC) and cryptocurrencies in Europe and the main framework of the regulations that may be encountered in the future, was approved by the EU parliament today.
The vote was accepted with 517 affirmative votes against 38 negative votes.
First Statement from Binance CEO
A comment on MICA came from CZ, the CEO of Binance, the world's largest cryptocurrency exchange.
He said that there are now clear rules for the operation of cryptocurrency exchanges in Europe, adding that this is a positive development. Cz stated that they will make the necessary adjustments in the 12-18 month period when the law will come into force in order to comply with the law.
"The European Parliament has approved MICA.
This regulation demonstrates that one of the world's largest markets has introduced crypto-specific regulations to protect users and support innovation.
Some details here will be important, but we think the law provides pragmatic solutions to some of the problems we face in general.
There are now clear regulations on the activities of cryptocurrency exchanges in the European Union.
We will do what is necessary in a 12-18 month period in order to be fully compliant with these."
