EU’s MiCA Crypto Licensing Regime Set for Approval as Lawmakers Signal Support

“As we’ve seen in recent months, stringent rules and supervision are very much needed,” the European Commission’s Mairead McGuinness said, citing the collapse of crypto companies FTX, Celsius, Voyager, and the stablecoin terraUSD, and referring to provisions intended to protect consumers, avoid market abuse, and curb money laundering.