On Monday, the European Parliament’s Committee on Economic and Monetary Affairs voted 31-4 in favor of a new draft of the framework for the Markets in Crypto Assets (MiCA), with 23 abstentions.
The framework broadly covers the issuance and trading of cryptocurrencies and promises to make it easier for cryptocurrency companies to expand across the EU’s 27 member states by facilitating a pass-through license that is valid between countries. It was previously reported that the European Parliament voted against a ban driven by energy-intensive computing programs.