About Markets in Crypto Assets Regulation (MiCA)

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Financial institutions across Europe, including neobanks, brokers, fintechs, and traditional banks, are racing to obtain MiCA licenses before the transition period ends in July 2026, according to Patrick Hansen, Circle's Senior Director for EU Strategy and Policy

MiCA regulation provides crypto-asset classification, imposes authorization and disclosure requirements to crypto -asset service providers, include measures to safeguard consumers, provisions against market abuse and insider trading

The Markets in Crypto-Assets (MiCA) regulation, which provides a regulatory framework for crypto assets in the European Union, took effect on June 30, 2024, starting with rules on stablecoins

Concerns have arisen about potential market disruptions as the crypto ecosystem adapts to the new MiCA regulatory framework and faces increased compliance costs

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