How does the EU regulate crypto-assets?

The EU brings crypto-assets and crypto-assets service providers under a regulatory framework for the first time. The Council presidency and the European Parliament reached a provisional agreement on the markets in crypto-assets (MiCA) proposal.

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.

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.

What is market in crypto-assets (mica)?

The Markets in Crypto-Assets (MiCA) regulation is a 2020 proposed landmark licensing law of the European Commission (EC) that focuses on maintaining financial stability and protecting investors while promoting more widespread transformation in the crypto asset sector in European Union (EU) countries.