EU lawmakers adopt digital assets policy stance after MiCA transition ends

The European Parliament adopted a digital assets report calling for further assessment of DeFi, staking, crypto lending and NFTs after MiCA’s transition period ended.

EU lawmakers on Tuesday adopted a position paper on digital assets, setting out their view on how the bloc should approach crypto regulation after the rollout of its Markets in Crypto-Assets (MiCA) framework.

The paper calls on the European Commission to assess whether activities including decentralized finance (DeFi), crypto lending and borrowing, staking and non-fungible tokens (NFTs) should be brought more clearly into the EU’s regulatory perimeter. It also urges consistent application of MiCA across member states and warns against national rules that could fragment the bloc’s digital asset market.

The vote turns the report, “Digital assets – challenges for the competitiveness and integrity of the European Union’s financial system,” into Parliament’s formal policy position on digital assets, but it does not directly amend MiCA or create new legal obligations for crypto firms.

Read more

Leave a Reply

Your email address will not be published. Required fields are marked *

Please enter CoinGecko Free Api Key to get this plugin works.

Subscribe To The Latest Crypto News

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

World Wide Crypto will use the information you provide on this form to be in touch with you and to provide updates and marketing.