The European Union has approved crypto regulation bill.
In the European Union, the crypto regulation bill to regulate cryptocurrency has been approved in the past few days, which will have a positive impact on the crypto market after its implementation.
The bill addresses several areas including prevention of money laundering, consumer protection, accountability of crypto companies, environmental impact of the industry, and stablecoins.
Cryptocurrency security is also discussed in the bill. Under Mica, cryptocurrencies are divided into four categories, including crypto-assets, utility tokens, asset-backed tokens and electric money tokens.