• About Us
  • Careers
  • Contact
No Result
View All Result
Monday, October 27, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News Latest News

Economic and Financial Affairs Council Unanimously Backs MiCA Legislation

16 May 2023
in Latest News, News
Reading Time: 4 mins read
107 2
Economic and Financial Affairs Council Unanimously Backs MiCA Legislation

Source: consilium.europa.eu

The Economic and Financial Affairs Council of the European Union granted final approval to the Markets in Crypto-Assets (MiCA) legislation on May 16, 2023, following unanimous support from the finance ministers of all 27 member states.

In addition to the approval of MiCA, the European Council also approved two other pieces of legislation. One focuses on the information accompanying transfers of funds, while the other addresses specific crypto assets. These combined efforts represent an important milestone in the regulation of the crypto industry within the European Union.

Elisabeth Svantesson, Minister for Finance of Sweden, stated:

“I am very pleased that today we are delivering on our promise to start regulating the crypto-assets sector.”

Svantesson further emphasized that recent developments have underscored the urgent requirement to establish regulations that offer enhanced safeguards for European investors involved in these assets and counteract the illicit exploitation of the crypto industry, specifically targeting money laundering and the financing of terrorism.

On April 20, 2023, the MiCA legislation was officially adopted by the European Parliament after two consecutive delays. This paved the way for the legislation’s approval by the European Council and the subsequent implementation of its guidelines.

MiCA is the world’s first comprehensive regulatory framework for digital assets. It establishes clear regulatory guidelines and requirements for the use of cryptocurrencies, as well as associated services and activities, throughout the European Union. The legislation also covers various types of cryptocurrencies, digital assets, utility tokens, and stablecoins.

According to a report by DeFi Planet, Ukraine is expected to be one of the early adopters in integrating the MiCA into its national legislation. The Ukrainian Financial Regulator, the National Securities And Stock Market Commission, released a statement stating it was actively working on launching a digital asset market in the country, and MiCA will be the cornerstone legislation of the market. 

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with Markets PRO, DeFi Planet’s suite of analytics tools.”

Tags: EUMiCA
Share63Tweet40Share11
Favour Udeo

Favour Udeo

Favour is a writer, who is interested in blockchain, DeFi, and Web3 in general. She finds machine learning and emerging technologies interesting.

Related Posts

source: coingeek.com
Bitcoin

Australia’s Digital Asset Bill Sparks Industry Pushback Over Expanded ASIC Powers

27 October 2025
source: ts2.tech
Crypto

Nevada Shuts Down Fortress Trust Amid Insolvency Concerns as U.S. Tightens Crypto Custody Rules

24 October 2025
source: theblock.co
Crypto

Polymarket Bets Spike as Traders See 12% Chance of Trump Pardoning FTX Founder Sam Bankman-Fried

24 October 2025
source: financialit.net
Bitcoin

ChainUp Investment CIO Says Bitcoin Rally Marks Institutional Phase of Digital Assets

24 October 2025

Editors Picks

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

byOlajumoke Oyaleke
15 July 2025
0

Where Are the Ethereum-Killers Now?

Where Are the Ethereum-Killers Now?

byOlayinka Sodiqand1 others
6 January 2025
0

source: investorplace.com

How to Find the Newest Cryptocurrencies Before They’re Listed

byOlayinka Sodiq
30 December 2024
0

Exploring the Role of AI in Enhancing DeFi Security

Exploring the Role of AI in Enhancing DeFi Security

byOlayinka Sodiq
1 October 2024
0

The Ultimate Guide to How NFT Royalties Work

The Ultimate Guide to How NFT Royalties Work

byAdedamola Ojedokun
17 April 2024
0

Read More

Chain of Thoughts

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

byOlu Omoyele
27 September 2025
0

...

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

byOlu Omoyele
30 August 2025
0

...

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Markets Update

Are Ethereum-Based Treasuries Emerging as the Berkshire Hathaway of Crypto?

2 days ago

Is the Crypto Market Now Majorly Driven by Institutions?

2 days ago

CBDCs vs. Stablecoins: Which Has the Market’s Trust?

2 days ago

Your Weekend Crypto Roundup | October 2025 (Week 4)

3 days ago

A New Age of Money: Should Every Currency Have Its Own Stablecoin?

3 days ago

Inside Africa’s Financial Reinvention: The Surge of Stablecoin Adoption

3 days ago
Read More

Events

  • No events
  • Spotlight

    All about Ethereum
    All about Algorand
    All about Bitcoin
    All about Gora

    Press Releases

    MultiBank Group and Khabib Nurmagomedov Launch an Exclusive Worldwide Multi-Billion-Dollar Joint Venture to Build the World’s First Regulated Tokenized Sports Ecosystem.

    bychainwire
    25 October 2025
    0

    RIVER Gains 5x Following Binance Perp Listing, Supported by Time-Encoded Airdrop Conversion

    bychainwire
    24 October 2025
    0

    Trezor Launches Trezor Safe 7: First Hardware Wallet With Transparent Secure Element

    bychainwire
    23 October 2025
    0

    Roba Shatters Closed Systems: The People’s Robotics Platform Launches To Dominate $218b Industry

    bychainwire
    23 October 2025
    0

    Aster Unveils Rocket Launch: A Gateway to Early-Stage Crypto Projects and Trading Rewards

    bychainwire
    23 October 2025
    0

    Read More

    ADVERTISING

    ABOUT

    TEAM

    CAREERS

    CONTACT

    TERMS & CONDITIONS

    PRIVACY POLICY

    © Copyright 2025 DeFi Planet

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • News
      • People
      • Business
      • Crime
      • Regulation
      • Crypto
      • CBDC
    • Markets
      • Bitcoin
      • Ethereum
      • Stablecoins
      • Altcoins
      • Crypto ETFs
      • Memecoins
    • Policy
    • Articles
      • Press Releases
      • Opinion
      • Explainers
      • Guest Post
      • Sponsored
    • Directory
      • Companies
      • People
      • Products
      • Wallets
    • Multimedia
      • Videos
      • Podcasts
    • Learn
      • DeFi Basics
      • Tutorials
      • Reviews
      • Blockchain Fundamentals
    • Research
      • Case Studies
    • Explore
      • DeFi
      • Crypto Gaming
      • NFT
      • DAO
      • Metaverse
      • Glossary
    • Jobs
    • Markets Pro
      • DeFi Planet Pro
      • Spend Crypto
      • Swap Crypto
      • Coin Prices
      • Crypto Exchanges
      • Crypto Analyzer

    © Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

    -
    00:00
    00:00

    Queue

    Update Required Flash plugin
    -
    00:00
    00:00