According to The Block, according to a leaked new draft of the market for encrypted assets (MiCA) regulation, the restrictions on stablecoins have been eased, and the restrictions on the use of dollar-pegged tokens in the European Union have been lifted. The stablecoin provision is expected to come into effect in January 2024, with the remaining provisions coming into force in June 2024. Foresight News reported yesterday that although the draft EU encryption bill is still open for discussion, it has actually been finalized.