#european union

The European Union (EU) has just passed the world's first comprehensive legislation on market rules covering crypto assets and crypto transactions. 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. The European Union (EU) is providing 2.4 billion Euro alongside contributions from private investments and the Eurpoean Space Agency. With China planning their own constellation and OneWeb being under the United Kingdom, the country that made a public exit to the EU, the European companies decided they need their own cluster of satellites. The European Union, more commonly known as the EU, is set on passing legislation that will require portable devices to have user-replaceable batteries by around 2025. The proposed Markets in Crypto Assets (MiCA) framework, which aims to regulate crypto-assets while supporting sustainable innovation and fair competition, fails to win the approval of the European Union Parliament on Monday. Read more in our articles including "EU passes law requiring reporting of all crypto assets" and "Major European satellite companies merge to create Starlink competitor".