EUROPEAN UNION INCHES CLOSER TO A DEAL ON CRYPTO.

European union inches closer to a deal on crypto.

European Union countries are close to reaching a deal in the Markets in Crypto-Assets (MiCA) regulatory framework, Bloomberg reports.
Negotiators still have to iron out certain issues before reaching a consensus.
The regulation of non-fungible tokens (NFTs) and stablecoins is a hot-button issue at the center of ongoing debates.
Regulators are mulling over limiting the size of transactions made with dollar-backed cryptocurrencies.
Member states are also considering creating a slew of anti-money laundering rules that have to be included in the regulatory framework.