Explainer: what do the EU regulations on cryptocurrency mean?

The Markets in Crypto Asset (MiCA) directive will set out rules for the regulation of the digital asset sector in the EU

The proposed agreement will cover a wide variety of areas ranging from the rules on custody of digital assets to sales and trading of them, offering advice, and exchanging them for hard currency.

This week the EU reached a provisional agreement on its proposed regional regulations for the Markets in Crypto Asset (MiCA) directive.

The legislation will set out rules for the regulation of the digital asset sector in the EU.