You can see the rules and regulations in other jurisdictions.
The European Commission revealed its proposed Markets in Cryptoassets (MiCA) regulation as part of the Digital Finance Strategy on 24 September 2020. This entails disclosure and transparency obligations, such as issuing a prospectus or white paper with certain crypto-related declarations and ensuring issuers are legally established and regulated entities. Additional conditions will be applicable to those distributing asset-referenced tokens (or stablecoins). The European Council made its stance on the proposal known on 24 November 2021 and is currently engaged in trilogue negotiations with the European Commission and the European Parliament.1
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