European Union: European Parliament and Council reach agreement on crypto-assets market regulation including authorization requirements
Description
European Parliament and Council reach agreement on crypto-assets market regulation including authorization requirements
On 30 June 2022, the European Parliament and the Council announced that an agreement on the proposed regulation on Markets in Crypto-assets was reached. According to the provisional agreement, the issuers of crypto-assets will have to register with designated authorities in the Member State and obtain authorization to operate in the European Union. Furthermore, the issuers of crypto-assets will have to provide information regarding their capital, technical features of the digital good and their security protocols.
Original sourceScope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
supranational
Government Branch
legislature
Government Body
parliament
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