Europe takes lead over US on crypto regulation

Born out of the desire to create a decentralized currency not controlled by a government, the crypto movement has long resisted regulation.

But those days may be numbered as the European Union recently adopted comprehensive rules regarding crypto assets, taking a lead over the United States, which has meanwhile cracked down on two major crypto exchanges.

In April, the European Parliament adopted by a wide margin the Markets in Crypto-Assets (MiCA) regulation and it received final approval by the Commission last month.

Source: The Jakarta Post