The European Parliament is expected to approve new crypto licensing laws next week, with only one expected amendment having been tabled to the law ahead of a final vote. Lawmakers and European Union member states agreed to the Markets in Crypto Assets regulation (MiCA) last year, requiring crypto service providers to seek a license from national regulators, and the Transfer of Funds regulation, which obliges identity checks on those making crypto payments. The deadline for proposing further changes to the MiCA text has now expired, and documents published by the parliament suggest that the agreed changes are the only ones that will be discussed. The law is expected to pass.

(By Jack Schickler)