The limitations of the EU’s new cryptocurrency regulations By Cointelegraph

The ultimate vote on the European Union’s much-awaited set of crypto guidelines, often known as the Markets in Crypto Property (MiCA) regulation, was just lately deferred to April 2023. It was not the primary delay — beforehand the European lawmakers rescheduled the process from November 2022 to February 2023.

The setback, nonetheless, was brought on solely by technical difficulties, and thus, MiCA continues to be on its option to turning into the primary complete pan-European crypto framework. However that can occur solely in 2024, whereas throughout the second half of final 12 months, when the MiCA textual content had already been principally written, the trade was shaken with quite a lot of shocks, scary new complications for regulators. There’s little doubt that in an trade as dynamic as crypto, the entire of 2023 will convey some new sizzling subjects as nicely.