#MiCA crypto

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 new rules are aimed at protecting European citizens from money laundering and fraudulent acts via crypto. MiCab, a Visayas-based taxi-hailing app, will finally pave its way in Metro Manila next month. Last month, MiCab has partnered with PNTOA (Philippine National Taxi Operators Association) and ATOMM (Association of Taxi Operations in Metro Manila) to use the app for its growing base of riders. And now, PNTOA will officially launch the MiCab app next month. Note: 'MyCab' instead of 'Micab' is written in the source. Read more in our articles including "EU passes law requiring reporting of all crypto assets" and "MiCab in Manila to launch next month".