New EU crypto-regulation

The EU is working on new rules to boost the potential of crypto-assets and curb the threats: Markets in Crypto-Assets (MiCA). MEPs have reviewed and amended the European Commission's proposal and in March 2022 decided to begin negotiations on the final shape of these rules with EU countries in the Council.


In order to encourage the development and use of these technologies, the new rules aim to provide legal certainty, support innovation, protect consumers and investors and ensure financial stability.

The rules cover transparency, disclosure, authorisation and supervision of transactions. MEPs want the issuing of some of the tokens to be supervised by the European Securities and Markets Authority and the European Banking Authority. Businesses dealing with crypto-assets will have to better inform consumers about risks, costs and charges. By regulating public offers of crypto-assets, the rules would ensure financial stability, while other measures tackle market manipulation, money laundering, terrorist financing and other criminal activities.

To reduce the high carbon footprint of crypto-currencies, MEPs are asking the Commission to prepare new rules to include any crypto-asset mining activities that contribute substantially to climate change in the classification system for sustainable activities.

After the MEPs negotiate the final shape of the bill with EU governments, it must be adopted by the Parliament as a whole as well as by EU countries.

The new rules are part of a wider Digital Finance package that supports the EU's digital transition by encouraging innovation while ensuring protection. In March 2022, Parliament adopted new rules to support testing of the distributed ledger technology in market infrastructures. 

 

In April 2022, Parliament agreed to start negotiations with EU countries on rules that would allow the tracing and identification of transfers of crypto-assets, to prevent their use in money laundering, terrorist financing and other crimes.

News dello studio

mag13

13/05/2022

New EU crypto-regulation

The EU is working on new rules to boost the potential of crypto-assets and curb the threats: Markets in Crypto-Assets (MiCA). MEPs have reviewed and amended the European Commission's proposal and in

mag13

13/05/2022

Cryptocurrencies in the EU: new rules to boost benefits and curb threats

Repubblica Italiana On March 14, 2022, the Economic and Monetary Affairs Committee (MEPs) agreed on draft rules on supervision, consumer protection and environmental sustainability of crypto-assets,

mag9

09/05/2022

Cybersecurity

In data 5 maggio 2022, il Consiglio dei Ministri ha avviato l'esame preliminare del Decreto legislativo sull' adeguamento della normativa nazionale alle disposizioni del Titolo III, quadro di certificazione

News Giuridiche

mag17

17/05/2022

Ministero Giustizia: aggiornato il piano prevenzione corruzione e trasparenza

Col decreto ministeriale 28 aprile 2022

mag17

17/05/2022

Esami di abilitazione professionale: il punto

Giovedì 5 maggio, il Ministero dell’Università