How does the EU regulate crypto-assets?

The EU brings crypto-assets, crypto-assets issuers and crypto-asset service providers under a regulatory framework. Setting an EU level legal framework for this sector for the first time, the Council today adopted a regulation on markets in crypto-assets (MiCA).

What is the European Commission's Regulation of markets in crypto-assets (mica) proposal?

The European Commission’s Regulation of Markets in Crypto-assets (MiCA) proposal is a regulatory framework developed since 2018 to help regulate currently out-of-scope crypto-assets and their service providers in the EU and provide a single licensing regime across all member states by 2024.

What is the new regulatory framework for crypto-assets?

Importantly, the new regulatory framework also includes a comprehensive new legislative proposal on crypto-assets, called Markets in Crypto-assets (MiCA), that was developed to help streamline distributed ledger technology (DLT) and virtual asset regulation in the European Union (EU) whilst protecting users and investors.

How will the EU's 'mica' framework affect crypto regulation?

In late June, European Union officials finally agreed on a provisional version of the Markets in Crypto Assets (MiCA) framework, which will be the most substantial piece of crypto regulation yet when it comes into effect. As the world’s third-largest economy, the regulatory choices of the EU are likely to have a heavy influence elsewhere.