How Europe Wants to Impose Some Order on Crypto World: QuickTake

Bankruptcies and fraud scandals in the world of crypto are spurring regulators to impose more order and transparency on the volatile industry. The goal is to safeguard the wider financial system and protect investors without smothering useful innovation around digital assets. Governments that strike the right balance stand to gain an edge in the next wave of crypto investment. That’s what the European Union is aiming for with a set of rules approved in April that are the most comprehensive of any developed economy.

1. What are the rules?

The Markets in Crypto Assets regulation, or MiCA, is part of ...