Moldova to legislate crypto in line with EU's MiCA framework

The Eastern European nation of Moldova plans to enact a comprehensive cryptocurrency law this year in compliance with the European Union's Markets in Crypto-Assets (MiCA) regulation, CoinDesk reported. Moldovan Finance Minister Andrian Gavrilita said the government is working with regulators to create a legal framework that allows citizens to hold and trade crypto assets. However, he clarified that the legislation will not go as far as recognizing cryptocurrencies as a means of payment. Gavrilita added that while it is uncertain if the law will be introduced next month, it represents a commitment to the EU and that banning crypto is not an option.