web analytics

EU Official Says Europe’s MiCA Bill Would Prevent ‘Schemes’ Like Terra From Happening

The landmark legal framework, which has not yet been made into law, aims to provide regulatory clarity to the growing crypto industry in Europe. The legislation – which policymakers agreed to last month after nearly two years of debate – requires crypto issuers looking to do business in Europe to issue a white paper, register with authorities, and, in the case of stablecoins, have fully-collateralized reserves.