11/10/2022 (Agence Europe) – On Monday, 10 October, MEPs on the Committee on Economic and Monetary Affairs approved—with 28 votes in favour and 1 against—the provisional political agreement with the EU Council on the proposed ‘MiCA’ regulation establishing a framework for the European crypto-asset market, an agreement that had been reached in June (see EUROPE 12984/3). Rapporteur Stefan Berger (EPP, German) commented on Twitter that this was “another step forward”. This new legal framework aims to foster innovation in the rapidly evolving crypto-asset and ‘stablecoin’ market, preserve market integrity and financial stability, and protect consumers. Consumers will be better informed about the risks and costs associated with crypto-assets, and service providers will now be liable in the event of loss. The European Parliament is expected to approve the interinstitutional agreement during next week’s plenary session. (AD)