MiCA Enters Force: Transforming the EU and Global Crypto Markets

From July, crypto exchanges and stablecoin issuers in the EU must adhere to the Markets in Crypto-Assets (MiCA) law, signaling substantial changes in the industry.



Overview of MiCA



The MiCA law, effective from June 30, represents a significant milestone for the cryptocurrency sector in the European Union. Its provisions include stringent regulations for stablecoins and comprehensive rules for various crypto assets and trading platforms.



Framework and Compliance



MiCA offers a regulatory framework that clarifies and standardizes cryptocurrency market operations within the EU. This legislation delineates digital asset classifications and specifies the legal responsibilities for their implementation.



In April, the European Parliament approved MiCA, making the EU one of the first jurisdictions globally to introduce


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