Source: Draft EU Encryption Bill Has Been Finalized

According to CoinDesk, citing sources, the draft EU Encryption Act (MiCA) is still open for discussion, but it has actually been finalized. According to a leaked draft bill, the framework would require crypto asset issuers to publish a white paper containing a technical roadmap for platforms to register with authorities, and require stablecoin issuers to hold capital and manage it prudently, CoinDesk said. In addition, the bill requires law enforcement to adopt a “substance over form” approach, which may mean that although NFTs are not regulated in principle, some NFTs may be included in the scope of regulation.