The EU’s landmark new legislation, the Market Regulation in Crypto Assets (MiCA), has been delayed for technical reasons that have pushed the final vote until next April.
The European Union postpones the MiCA vote to April 2023
An official familiar with the matter confirmed that “MiCA has been put up for a vote by the plenary next April, and as far as I know, the delay is technical due to translation issues.”
This is likely to mean further delays in the historic licensing regime for cryptocurrency firms within the bloc.
Postponements continue for the digital currency regulation project
It is worth noting that, last November of 2022, the European Union postponed the vote on MiCA to next February 2023.
The postponement statement confirmed at the time that the technical problems in the lengthy text may delay the start of the licensing system, which is the problem that has now caused the delay again.
It remains to be seen when the European countries belonging to the eurozone will recommend a project to regulate digital currencies in the region.
