The European Parliament’s economics committee has approved the last technical changes to the EU’s flagship crypto law, MiCA, clearing another step in the bloc’s move toward a single digital asset rulebook. The update focuses on stablecoins and the way exchanges and custodians hold customer assets.

Under the new standards, issuers of stablecoins will need to keep 60% of their reserves in European Union banks. Lawmakers say the requirement is meant to strengthen oversight and reduce risk in a market that has drawn growing scrutiny from regulators after a series of industry failures and liquidity scares.

The committee also backed tighter custody rules for crypto exchanges, adding more safeguards around the storage and handling of client funds. The changes are intended to improve consumer protection and make responsibilities clearer for firms operating across the bloc.

The vote closes out the final batch of technical standards tied to MiCA, which is expected to become the most comprehensive crypto framework among major economies. For the industry, the rules bring more certainty — but also higher compliance demands as firms adapt to stricter supervision in Europe.