EU passes MiCA to regulate crypto

EU passes MiCA to regulate crypto

"European Union policymakers have struck a deal on landmark legislation to regulate crypto assets and service providers throughout the bloc's 27 member nations.

The policymakers, who represent the world’s third-largest economy, have been haggling for nearly two years over the Markets in Crypto Assets (MiCA) framework. As it stood on Thursday, the legislative package sets up requirements for crypto issuers to publish a kind of technical manifesto called a "white paper," to register with the authorities and to keep proper bank-style reserves for stablecoins (cryptocurrencies pegged to the value of sovereign currencies like the euro)."

This is all per CoinDesk, who broke the story.

See what the whales are doing at unusualwhales.com/crypto