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The Committee on the Internal Market and Consumer Protection of the European Parliament has voted in support of a report that highlights the development of virtual worlds, independent of countries outside the EU.

New EU regulations demand that crypto businesses share client asset info with tax agencies to combat tax evasion by the wealthy.

With MiCA's launch on the horizon, Croatia's government is hard at work developing rules to address the shortcomings. This includes a June directive that mandates all cryptocurrency companies to register within a two-month period. Officials are now on the path to implement "passporting," a MiCA feature that permits financial entities from a single country to serve the entire European Union under their home country's rules. Croatia's intention with these moves is to make the nation more appealing to cryptocurrency companies than other EU countries.

European information protection authorities have issued recommendations for regulating the central bank digital currency (CBDC), the digital euro.

Mairead McGuinness, the European Commissioner for Financial Services, believes there's no need to rush the launch of a digital euro before the next EU elections in June 2024. She advises the next EU Commission to take a careful and measured approach to the CBDC rollout. Furthermore, McGuinness mentioned that the European Central Bank will finalize its stance on the project this coming October.