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The Council’s Permanent Representatives Committee chair confirmed that the MiCA framework would go through “should the European Parliament adopt its position at first reading.”
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Representatives from a committee with the European Council have moved forward with regulating digital assets in the European Union through the Markets in Crypto-Assets, or MiCA, framework, sending the finalized text to parliament for a vote.
According to an information note on Oct. 5, the European Council’s Permanent Representatives Committee approved the MiCA text and sent it to the chair of the European Parliament Committee on Economic and Monetary Affairs. Edita Hrdá, chair of the Permanent Representatives Committee, confirmed that the crypto framework proposal would be enacted “should the European Parliament adopt its position at first reading” in the same wording.
The MiCA proposal, first introduced to the European Commission in September 2020, aims to create a consistent re
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