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Cryptocurrencies should be treated as securities by default – EU report

  • The document’s conclusions are not the official position of the European Parliament
  • The report says the new MiCA laws may have few benefits without further action

According to a study commissioned by lawmakers, cryptocurrencies should be treated as default securities and DAOs should receive legal status.

While the European Union is finalizing its Crypto Asset Markets Regulation (MiCA) and considering the possible expansion of its scope, a report has appeared that. In advance, the European Systemic Risk Council, the EU group responsible for monitoring financial stability, called for new laws to fill gaps left unaddressed by MiCA.