The EU’s crypto-assets regulation, amending existing regulations and directives, establishes standardized guidelines for EU-level crypto-assets. This brings legal clarity to crypto-assets not covered by current EU laws, fostering consumer protection, investor security, and financial stability to encourage innovation. The regulation categorizes three crypto-asset types: asset-referenced tokens (ART), electronic money tokens (EMT), and others outside existing EU law. It oversees issuance, trading, and underlying asset management, with specific rules for ‘significant’ ART and EMT. The agreement, finalized on May 31, 2023, addresses liquidity, redemption, and contemplates environmental impact disclosure to investors. Effective from December 30, 2024. Updated as part of the ‘EU Legislation in Progress’ briefings.
HomeDIGITAL ASSETS REGULATORYstablecoin euMarkets in Crypto-Assets (MiCA): A Regulatory Framework Overview