Lawmakers overwhelmingly back EU’s MiCA crypto law in committee vote

On Monday, European Union (EU) lawmakers voted 28 to 1 in favor of landmark new crypto laws, virtually assuring the passage of legislation signed off by the bloc’s national governments last week.

The Markets in Crypto Assets regulation (MiCA) lets providers of wallets and other crypto services market themselves across the bloc, if they register with national authorities and meet minimum guarantees intended to protect investors and maintain stability.