The European Commission's proposed Regulation on Markets in Crypto-assets (MiCA) will bring within the scope of regulation all crypto-assets not already covered by EU financial services legislation. MiCA will be directly applicable throughout the EEA, superseding any national regimes relating to crypto-assets.
The proposed Regulation brings forth a comprehensive and stringent framework that focuses primarily on the issuance of crypto-assets and the provision of crypto-asset services.
MiCA will have a profound impact on crypto-assets, both in the EU and across the world.
To learn more about MiCA download our concise, detailed summary here.
Editor’s Note: A second version of this report was published on 17 January 2023 to reflect the text as provisionally agreed by relevant EU institutions and adopted by the Council of the EU in October 2022.