EU Parliament adopts digital assets policy position

The EU Parliament has adopted a policy position on digital assets. Lawmakers called for further review of several areas in the sector.

EU lawmakers adopted the position after the transition period for the Markets in Crypto-Assets regulation, known as MiCA, came to an end.

The policy calls for additional examination of decentralized finance, staking, lending and non-fungible tokens.

No specific timeline for the reviews was outlined in the adoption.

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Illustration of EU MiCA crypto regulation deadline with flags, symbols, and cityscape
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The European Union's Markets in Crypto-Assets framework reaches a key milestone on July 1 as the transitional period for unlicensed firms expires.

The European Commission is inviting feedback on the Markets in Crypto-Assets regulation, known as MiCA.

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The European Parliament’s Economic and Monetary Affairs Committee voted to advance a legal framework for a digital euro on Tuesday. The move sets the stage for trilogue negotiations and a potential rollout by 2029.

Greece’s regulator is preparing to reject Binance’s license application under the EU’s MiCA rules just days before the July 1 deadline. The exchange is now exploring an alternative route through France. Tether’s USDT has already been removed from several licensed EU platforms.

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Binance has notified European Union customers that it will suspend some services starting July 1 because it will not hold a MiCA license by the deadline.

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