EU Finance Ministers Approve Groundbreaking Crypto Regulations.

EU finance ministers have approved the world's first comprehensive set of rules to regulate cryptoassets, tokenised assets, and stablecoins in the 27-country bloc. The rules require firms to obtain a license to issue, trade, and safeguard cryptoassets. The regulations are expected to be rolled out from 2024. The move puts pressure on countries such as the UK and the US to follow suit. The rules aim to prevent the misuse of the crypto industry for money laundering and financing terrorism, and to combat tax evasion.