EU postpones final vote on MiCA for the second time in two months

EU postpones final vote on MiCA for the second time in two months


The final vote on the European Union’s (EU) much-awaited set of crypto rules, known as the Markets in Crypto Assets regulation (MiCA), was deferred to April 2023. It marks the second delay in the final vote, which was previously postponed from November 2022 to February 2023.

The latest delay is due to a technical issue where the official 400-page document couldn’t be translated into the 24 official languages of the EU, according to The Block. Legal documents like the MiCA, which are drafted in English, must comply with EU regulations and be published in all 24 official languages of the union.

The first delay in November 2022 that deferred the final vote to February was also caused by translation issues. A delay in the final vote means

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