The law was signed by President of the European Parliament Roberta Metsola and Minister of Rural Affairs of Sweden Peter Kullgren. On Twitter, the Swedish government reports that legislators have also signed a law on combating money laundering. According to the new rules, cryptocurrency service providers are required to verify the identity of customers when transferring funds.The representative of the Parliament also confirmed that the adopted laws affect the rules for transferring funds and two provisions on trade with Ukraine.
MiCA will come into force after publication in the official journal of the EU. Most likely, this will happen in June of this year. The regulation on granting licenses to crypto exchanges and wallet providers to operate in 27 countries, as well as requirements for providing liquidity by issuers of stablecoins, will come into force in 12-18 months.
Recall that MiCA was first proposed by the European Commission in 2020, but the law was officially adopted only now.