Draft of an EU-Regulation on Markets in Crypto-Assets (MiCA)

Following a public consultation conducted in March 2020, the EU commission has published a proposal for a Regulation of Markets in Crypto-Assets (‘MiCA’). The objective of MiCA is to har-monise the European framework for the issuance and trading of various types of crypto token as part of Europe’s Digital Finance Strategy. The draft proposes a legal framework for assets, markets and service providers which are currently not regulated on an EU-level and opens the possibility to provide licensed services across the EU. If adopted, the regulation would be di-rectly applicable in all Member States. Implementation in national law will not be required.

Read full Briefing on the Markets in Crypto-Assets Regulation (MiCA) here.