On the 19th of November 2021, the Council of the European Union reached an agreement on the Regulation on Markets in Crypto Assets (MiCA). This agreement forms the Council’s negotiating mandate for trilogue negotiations with the European Parliament. The purpose of MiCA is to create a regulatory framework for the crypto-assets market that supports innovation and draws on the potential of crypto-assets in a way that preserves financial stability and protects investors. The Council and European Parliament will now enter trilogue negotiations on the proposals. Once a provisional political agreement is found between their negotiators, both institutions will formally adopt the Regulation.