The new crypto regulations in the European Union is one of the kind

The European Parliament has passed landmark cryptocurrency legislation called MiCA (Markets in Crypto Assets), which brings transparency to the sector and creates a regulatory framework across all 27 EU countries. During the 18-month implementation period, operators of stablecoins will have to comply with stringent requirements, while the law will also encourage transparency and innovation through the production of white papers. India is developing its own regulatory framework, and MiCA’s emphasis on promoting transparency through white papers could help prevent fraud and money laundering in India’s crypto industry.