European institutions reached agreement on the final text of MiCA regulation. MiCA brings among other the following :
Issuers of asset-referenced tokens will need to have a registered office in the EU to ensure the proper supervision and monitoring of offers to the public of asset-referenced tokens.
Crypto-asset service providers will need an authorisation in order to operate within the EU.
The crypto-assets market will be required to declare information on their environmental and climate footprint.
Crypto-asset service providers will have to respect strong requirements to protect consumers’ wallets and become liable in case they lose investors’ crypto-assets.
European policy-maker would now like to see MiCA as the global standard for crypto-assets
Read the full text here.