The European Council passes Markets in Crypto-Assets (MiCA), EU’s comprehensive crypto regulation. The landmark regulation passed in the European Council on Wednesday morning and it will need to pass through an additional vote in the European Parliament next week.

MiCA sets out to bring the issuance of cryptocurrencies under the wing of institutional regulation, and establishes a first-time regime for crypto-asset service providers across the EU’s member states. 

If approved, laws will be in place at the start of 2024 at the earliest.

Full text is available here