What are the new crypto rules?

The rules require firms that want to issue, trade and safeguard cryptoassets, tokenised assets and stablecoins in the 27 country bloc to obtain a licence. Ministers took steps to combat tax evasion and the use of cryptoasset transfers for money laundering by making transactions easier to trace.

When will EU crypto rules be rolled out?

An EU finance minister meeting in Brussels approved rules that were thrashed out with the European Parliament, which gave its approval in April. The rules are expected to be rolled out from 2024. Regulating crypto has become more urgent for regulators after the collapse of crypto exchange FTX.

Who backed the EU's first cryptoasset regulation rules?

REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights LONDON, April 20 (Reuters) - The European Parliament on Thursday overwhelmingly backed the European Union's first set of rules to regulate cryptoasset markets.