EU moves to rein in ‘wild west’ of crypto assets with new rules

EU moves to rein in ‘wild west’ of crypto assets with new rules

MiCA law contains measures to guard against market abuse and manipulation

The EU has moved to rein in the “wild west” of crypto assets by agreeing a groundbreaking set of rules for the sector, adding to pressure on the UK and US to act too.

Representatives from the European parliament and EU states inked an agreement on Thursday that contains measures to guard against market abuse and manipulation, and require that crypto firms provide details of the environmental impact of their assets.

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