The first phase of the Markets in Crypto-Assets (MiCA) regulation, which focuses on stablecoins, is set to take effect in the European Union on July 1, 2024. MiCA aims to standardize the regulation of crypto-asset markets within the EU, requiring EU authorization for Asset-Referenced Tokens (ARTs) and E-Money Tokens (EMTs), including stablecoins. This regulatory framework is seen as a significant step forward, with some commentators noting that Europe has succeeded in implementing regulations that other jurisdictions, such as the U.S., have yet to adopt. However, there are concerns about the industry's readiness for these changes, with six key issues still unresolved.
https://t.co/NzFebCVqBp A historic milestone for crypto regulation: MiCA rules for stablecoins go live today in the EU. But the industry is not fully ready for the transformation. Here are six key concerns:
MiCA's stablecoins regulation is HERE! 🇪🇺👋 But what now? 👀 With many aspects still undefined, we are just at the starting line. In the meantime, you can re-watch our LinkedIn Live for thoughtful insights on what's next. https://t.co/x5ctPrWrvx https://t.co/VKfnNOF2dp
June 30, 2024 Stablecoins EU ☠️ #MiCA
From the beginning of July, crypto exchanges and stablecoin issuers will operate in the EU according to the rules provided for by the MiCA law. https://t.co/lKQ7BG26IX
The European Union's restrictive rules on stablecoins are set to come into force. But how ready are issuers? https://t.co/3eiPGeQwHU
💡 Crypto Basics Markets in Cryptoassets (MiCA) is a framework developed to standardize the regulation of crypto-asset markets within the European Union. What types of assets does this framework cover? Find out here 👇 🔗 https://t.co/4ktrJeysE1
MiCA Phase 1: ARTs and EMTs (Incl. Stablecoins) Need EU Authorization https://t.co/x62mG6dDqR | by @dechertllp
European countries are gearing up for national elections in the wake of this month's European Union contest. While these countries oversee crypto rules, the elections are unlikely to change any regulation's trajectory. Analysis by @camomileshumba https://t.co/XieOlLeNt2
.@ddisparte with a powerful call for action on U.S. digital asset regulation ahead of MiCA's entry into application next week: "Europe has succeeded in doing what other jurisdictions, including the U.S., are still avoiding" https://t.co/FySkSOSMUp
Europe’s stablecoin laws are going live — here’s six key concerns as MiCA rolls out https://t.co/MKXokk3viN
🔥Between last nights disastrous debate & MiCA launching in the EU in 2 days, USA seems to be really losing ground globally 🤦♂️ @CodyCarboneDC🤝 FULL VIDEO👉https://t.co/eRG9dbAUHI #MiCA #crypto #USDC $ETH $BTC https://t.co/OfH0UCWWxL
With the EU's #MICA upon us, should the U.S. take a competitive pathway, or should we form a veritable "Western Alliance" with harmonized rules for digital assets? My reflections in @CoinDesk in case you need a political distraction. :-) https://t.co/D4SdP1bKT6
With the first part of the MiCA crypto regulation set to take effect Sunday, "Europe has succeeded in doing what other jurisdictions, including the U.S., are still avoiding," writes @ddisparte of @Circle. Opinion. https://t.co/YIiPeWIBk6