The European Union’s (EU) proposed Markets in Crypto Assets (MiCA) is on the EU parliament agenda to be discussed on the 18th of April. If everything goes smoothly, MiCA regulation will be officially approved by the EU parliament on April 19th.
The MiCA regulatory package is pending for approval for some time now and faced multiple delays due to different opinions among the members of the EU parliament about the final legal text.
The legislation offers crypto companies such as wallets and exchanges a license for operating across the bloc in exchange for meeting governance and consumer-protection norms, and also introduces reserve requirements for stablecoins.