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The EU is regulating crypto-assets to better protect investors and its monetary sovereignty

France’s presidency of the European Union can take credit for allowing the Old Continent to adopt the first major crypto-asset regulations. “Crypto-assets are an important subject, and Europe is the first jurisdiction of this size to have such regulations.We congratulate ourselves in Bercy.

Finally, after long and bitter discussions, on June 30, a political agreement was reached between the Commission, the Council and the European Parliament on the draft Markets in Crypto-assets (MiCa) regulation. This set of harmonized rules at the European level should provide greater protection to investors entering this new world, particularly against possible market manipulation. On the other hand, industry players have long been asking for better visibility and legal certainty to develop peacefully. “We’re tidying up the wild west of cryptoassets and setting the rules…

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Source: Le Figaro

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