The European Union has reached an arrangement to regulate the world of digital assets. This is the MiCA regulation which lays the regulatory foundation for cryptocurrencies, stablecoins, and for service providers and the TFR regulation. This provision will allow the tracking of flows in crypto-assets to fight money laundering, terrorist financing and tax evasion.

Council representatives and MEPs finalized a compromise on the future MiCA (Markets in Crypto-Assets) regulation, and the day before on the TFR (Transfer of Funds Regulation) that will allow the tracing of fund transfers related to crypto-assets. Europe is thus the first major jurisdiction to adopt such a regulation, which aims to protect consumers, guarantee Europe's economic and monetary sovereignty, and combat money laundering and terrorist financing.

MiCA takes into account stablecoins, these cryptocurrencies that can be backed by a traditional currency called "fiat" (dollar or euro), but also by an asset like gold or an algorithm. On the other hand, non-fungible tokens (NFT) are not concerned by this regulation. Finally, it was agreed that the European Commission will have to provide a report on the environmental impact of crypto-assets within two years.