Tech

EU crypto regulations clear final hurdle

This marks the first time that governments have tried to supervise the upstart industry at scale

Critics say the new law is outdated before even taking effect. Picture: Bloomberg

Members of the European Parliament have given their final blessing to an ambitious law that will give the EU its first rules to govern the crypto industry.

The approval of the EU’s Markets in Cryptoassets, or MiCA, regulation is the first time that governments have tried to supervise the upstart industry on such a scale and follows the collapse of several big players including the crypto exchange FTX.

European Financial Services Commissioner Mairead McGuinness said ...