According to Odaily Planet Daily, at least 10 EU countries are or have already formulated national legislation to promote the inclusion of the Digital Asset Market Act (MiCA) into their national laws. MiCA requires national regulators to issue licenses to and supervise crypto service providers. Policy observers said the EU will implement its MiCA by the end of this year, and companies that want to do business in the EU should pay close attention to the actions of national authorities.