The EU's Markets in Crypto-Assets Regulation (MiCA) introduces new rules for the cryptocurrency industry, which will affect stablecoins and crypto asset service providers.
The cryptocurrency landscape within the European Union (EU) is poised for a significant transformation as the first set of new regulations under the Markets in Crypto-Assets Regulation (MiCA) is about to take effect.
The implementation of MiCA is expected to take place gradually. Regulations concerning stablecoins are anticipated to come into effect on June 30. In December, regulations impacting crypto asset service providers will be introduced.
This legislation is the first on the continent to institute uniform market rules for crypto assets within the EU and has been anticipated to come from regulators since it was first on the table in September 2020.
