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.
The EU parliament also passed with 529 votes to 29 negative votes, the Fund Transfers regulation based on the know-your-customers principle for crypto operators to stop money laundering.
The landmark MICA for cryptocurrencies was first proposed by the European Commission in 2020. For MICA to become law, it must be approved by the EU parliament and council.
MICA, which has been approved by the parliament, is expected to be published in the official journal of the EU in June and to enter into force within 12 months, that is, in 2024.
As it is known, MICA took its final form in June 2022 and later additions and subtractions were made on it. The final vote on the law, which had been delayed and delayed many times until today, was finally postponed to 19 April.
MICA, which did not experience any more delays, received its final approval today.