The EU's final vote on the MiCA regulation has been postponed to April

ChainCatcher news, according to The Block, a spokesperson for the European Parliament stated in an interview that the EU's Markets in Crypto-Assets (MiCA) will not have its final vote in the European Parliament until April, delaying the implementation of the new rules. The delay is "technical" and is likely due to issues arising from translating nearly 400 pages of documents into the EU's 24 official languages.

With the final vote postponed, European financial regulators will have to wait longer to begin drafting the implementing rules. Once MiCA is formally approved, institutions such as the European Securities and Markets Authority and the European Banking Authority will have 12 to 18 months to draft the technical standards for MiCA. (The Block)