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MiCA passes: EU’s landmark crypto rulebook to ‘pile pressure’ on UK and US regulators

Markets in Crypto Assets bill will 'undoubtedly make the EU an attractive destination' for crypto firms

By Alex Daniel
Mairead McGuinness, financial services commissioner for the EU, said the new rules put the bloc ahead of its peers
Mairead McGuinness, financial services commissioner for the EU, said the new rules put the bloc ahead of its peers Photo: Ting Shen/Getty Images

The European Union has passed its landmark Markets in Crypto Assets regulation, in a move experts say will pile pressure on UK and US watchdogs.

Ian Taylor, chief of trade body CryptoUK, told Financial News the bill "puts significant jurisdictional pressure" on Britain and the US to pass their own frameworks.

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