24/7 Cryptocurrency News

EU Debates MiCA Crypto Law Before Vote; Here’s Implementation Timeline

The Markets in crypto assets (MiCA) legislation is up for a formal adoption vote during the ongoing EU Parliament plenary session.
Published by
EU Debates MiCA Crypto Law Before Vote; Here’s Implementation Timeline

Crypto Regulation News: The European Parliament is set to vote on adopting the regulation on markets in crypto-assets (MiCA) on Thursday. The landmark new legislation comes across as the most sophisticated set of crypto market specific rules at a time when the United States authorities failed to establish a concrete belief with a roadmap on crypto regulation. The European Union regulation is aimed at placing harmonized rules for crypto assets at the EU level. This regulatory framework thereby provides legal certainty for crypto assets not covered by existing EU legislation.

Also Read: Solana Outlines Improvements Preventing Further Outages, SOL Price to Rally?

The Markets in crypto-assets (MiCA) legislation, which is touted as the most comprehensive regulatory framework for crypto, is up for a formal adoption vote during the ongoing EU Parliament plenary session scheduled until Thursday. The text for MiCA law, which covers three types of crypto assets, has been approved late in 2022. A vote on the legislation was earlier scheduled for January 2023 but got delayed due to technical issues. The ongoing EU plenary session will also feature voting on the Transfer of Funds Regulation (TFR) regulation.

Advertisement

EU Vote On MiCA Regulation

Whereas the environment is clouded by volatile year in the cryptocurrency markets when it comes to US regulator action, the EU efforts to put in place clear regulatory framework is encouraging. The MiCA regulation “promotes innovation and use of crypto assets,” a description of the law reads, in sharp contrast to the views of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler during Tuesday’s House Financial Services Committee hearing on the SEC oversight.

Meanwhile, it is not clear yet as to when would the MiCA law come into effect for crypto businesses. Industry insiders estimate around 18 months of time for effective regulation to kick in for Crypto Asset Services Providers (CASP).

However, whether the regulation would bring about a change in the global crypto regulatory space remains to be seen.

Also Read: Is US House Considering Circle’s USDC Stablecoin For Payments?

Advertisement

Share
Anvesh Reddy

Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Michael Saylor Says “No New Orange Dots” Pausing Bitcoin Buys as Holdings Hit Record $79B

Michael Saylor hinted that Strategy would not be making its routine Bitcoin purchase this week.…

October 5, 2025
  • 24/7 Cryptocurrency News

Experts Turn Bullish on Pudgy Penguins as PENGU Leads Meme Coin Buys on Solana

Crypto experts have begun to make bullish projections for Pudgy Penguins’ native token, PENGU. This…

October 5, 2025
  • 24/7 Cryptocurrency News

ASTER to Launch Phase 2 Airdrop on October 10 as Open Interest Tops $5B in Two Weeks

ASTER has announced that the roadmap for its second airdrop phase is set to begin…

October 5, 2025
  • 24/7 Cryptocurrency News

El Salvador’s Bitcoin Holdings Hit $475M Profit as BTC Becomes World’s 7th Largest Asset

El Salvador is now sitting on $482 million in unrealized gains in its Bitcoin holdings.…

October 5, 2025
  • Bitcoin News

Breaking: Bitcoin Hits New ATH Above $125k as ‘Uptober’ Kicks Off in Full Force

The Bitcoin price has hit a new all-time high, after staging a monstrous rally since…

October 5, 2025
  • Bitcoin News

99.3% of Bitcoin Supply in Profit, Analyst Warns of Short-Term Correction

Bitcoin (BTC) is in profit on almost all of its supply, leading to discussion by…

October 5, 2025