On 23 March 2022, the European Parliament published the text (dated 17 March 2022) of the report adopted by its Economic and Monetary Affairs Committee on the European Commission’s legislative proposal for a Regulation on markets in crypto-assets (MiCA).

On 23 November 2021, the Council of the EU announced that it had adopted its position on both MiCA and also the ‘Digital Operational Resilience Act’ (DORA).

The purpose of MiCA is to create a regulatory framework for the crypto-assets market that supports innovation and draws on the potential of crypto-assets in a way that preserves financial stability and protects investors.