#EU crypto regulations

The European Union (EU) has just passed the world's first comprehensive legislation on market rules covering crypto assets and crypto transactions. As reported by Reuters and Watcher Guru, the rules will require the reporting and identification of all crypto transactions across the 27 EU states and the need for crypto firms who want to trade or issue stablecoins to obtain a license. These are just some of the highlight rules featured in the European Union's Markets in Crypto Assets or MiCA. The regulations were actually approved by the European Parliament last April but have now gotten final approval from the EU. The new rules are aimed at protecting European citizens from money laundering and fraudulent acts via crypto. Binance has just announced that it will be withdrawing its business and operations in Canada, weeks after the country introduced a series of new guidelines for crypto exchanges on investor limits and mandatory registrations. The new guidance was introduced last April which saw the Canadian Securities Administrators (CSA) release new guidelines for crypto exchanges to either register their business within 30 days or leave. [embed]https://twitter.com/binance/status/1657099651210969088?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1657099651210969088%7Ctwgr%5E516496acf96a24c71af95feb4d0f124ec45ffc0e%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.engadget.com%2Fbinance-leaves-canada-due-to-stricter-crypto-rules-140134938.html[/embed] Read more in our articles including "EU passes law requiring reporting of all crypto assets" and "Binance withdraws from Canada due to strict crypto regulations".