European Council approves two digital asset proposals by Cointelegraph

The European Union’s planned framework for regulating cryptocurrency is one step towards becoming official. On Wednesday, the European Council, which directs the EU’s political agenda, announce Its position is under the Markets in Crypto Assets (MiCA) and Digital Operational Flexibility Act (DORA).

Following the agreement, which must then be ratified, the European Council and Parliament may now begin discussions on the initiative before it is finally approved as law.