The Council adopted a regulation on markets in crypto-assets (MiCA) that aims to protect investors, increase transparency and prevent money laundering and terrorism financing in the area of crypto-assets. The MiCA covers utility tokens, asset referenced tokens, stablecoins, trading venues and crypto-asset wallets. It establishes a harmonised regulatory framework at the EU level, improving upon the current patchwork of national legislation. The regulations are part of a larger digital finance package aimed at fostering technological development, ensuring financial stability and protecting consumers. The new rules that obliged entities under the regulation will have to follow include the necessity to obtain a licence from the respective regulator, the obligation to meet certain capital requirements and rules in the area of marketing and market abuse.