The EU may adopt a single law on cryptocurrencies by the end of June

The European Union is close to concluding an agreement on the regulation of cryptocurrencies among its 27 member states.

Issues that still need to be resolved regarding cryptocurrencies include the need to integrate NFTs into the proposed rules, how to regulate stablecoins, oversight of crypto asset service providers, anti-money laundering provisions, and the environmental impact of PoW consensus blockchains.

According to a Bloomberg report, both France (which holds the EU presidency) and the European Parliament are optimistic that the proposed regulatory package for cryptoassets (MiCA) will be resolved by the end of this month. The representatives entrusted with this case will meet on June 14 and 30.

In addition, according to sources familiar with the matter, lawmakers are seeking to insist that the new set of rules take into account the environmental impact of cryptocurrencies operating on the Proof-of-work algorithm.