- The Markets in Crypto-Assets regulation gets a green light from committee, teeing it up for a final vote before the entire European Parliament later this month.
The highly-anticipated Markets in Crypto-Assets legislation passed the European Parliament on Monday, after a two-year long debate and drafting process.
The final vote tallied up to 28 in favor and 1 against. The entire European Parliament will vote on final approval of the legislation later in October.
Alongside MiCA, the Members of the European Parliament are also voting on the Transfer of Funds Regulation, an anti-money laundering bill that obliges transfers made in crypto to include data on the payer and payee. The measure is expected to pass as well.