PANews reported on January 17 that according to The Block, a spokesman for the European Parliament said that the final vote of the European Parliament on the Integrated Market for Crypto Assets (MiCA) regulations has been postponed to April. The vote was originally scheduled for February. Because before that, the draft needs to be translated into 24 official EU languages, and the text is technical and lengthy, so it takes time. The postponement of the final vote of the Parliament means that the rule-making and implementation process will be delayed. Once MiCA is officially approved, institutions such as the European Securities and Markets Authority and the European Banking Authority will have 12 to 18 months to draft MiCA technical standards. MiCA is not the only regulation that has been blocked. The Funds Transfer Regulation (TFR), which is intended to be implemented together with MiCA, has also been postponed to the same voting meeting in April. TFR requires encrypted transmissions to contain Know Your Customer (KYC) information on both the receiving and receiving sides.
