What does Mica mean for Europe?

MiCA will better protect Europeans who have invested in these assets, and prevent the misuse of crypto-assets, while being innovation-friendly to maintain the EU’s attractiveness. This landmark regulation will put an end to the crypto wild west and confirms the EU’s role as a standard-setter for digital topics.

What is the new market in crypto assets (mica) regulation?

This new regulation is a first for any major jurisdiction providing a more comprehensive regulatory approach to crypto and digital assets. What is MiCA? The Market in Crypto Assets (MiCA) regulation is the European Commission’s new regulatory framework for European Crypto-Assets.

When will the mica regulations be fully implemented in the EU?

Finally, by December 2024 (20 days post acceptance, plus 18 months), the rest of the MiCA rules should be in full effect. Therefore, by the close of 2024, all components of the MiCA regulation should be actively governing crypto-business operations within the EU.

What is mica & how will it impact your business?

MiCA is the next frontier for EU financial regulation, it’s the first step in the expanding EU regulatory perimeter and ensuring a more holistic and complete EU financial regulatory market. The next steps for firms impacted by MiCA are to begin the work of preparing for implementation and authorisation.