European Union: Council issues general approach on Regulation on Markets in Crypto Assets including authorization requirements
Description
Council issues general approach on Regulation on Markets in Crypto Assets including authorization requirements
On 19 November 2021, the Council adopted a common position on the Regulation on Markets in Crypto Assets. The proposed regulation aims at providing a legal framework for cryptomarkets. Under the proposal, the issuers of crypto-assets will have to re…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
supranational
Government Branch
executive
Government Body
central government
Complete timeline of this policy change
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2020-09-24
under deliberation
2021-11-19
under deliberation
2022-03-17
under deliberation
2022-06-30
under deliberation
2022-10-05
under deliberation
2023-04-20
under deliberation
2023-05-16
adopted
2023-06-29
in grace period
2024-06-30
in force