regulation
Officials to Revise MiCA to Include Non-EU Stablecoin Issuers
EU officials are considering amendments to the Markets in Crypto-Assets framework, known as MiCA, to regulate stablecoin issuers outside the European Union. This move responds to US laws on stablecoins and rules on tokenized payments and deposits.
AS1 NewsSource: cointelegraph.com
European Union officials are planning to revise the existing MiCA regulation to extend its scope to include stablecoin issuers that are not based within the EU. This potential update, sometimes referred to as 'MiCA 2.0,' aims to address the growing influence of stablecoins and ensure they are adequately regulated regardless of their geographic origin. The changes are being considered in response to recent US legislation on stablecoins and new rules concerning tokenized payments and deposits. The revision reflects the EU's effort to maintain a comprehensive regulatory framework that adapts to the evolving crypto landscape. If implemented, these amendments could impose new compliance requirements on non-EU stablecoin issuers operating in or targeting the European market.
The revision could lead to increased regulation of non-EU stablecoin issuers operating in Europe, potentially affecting their operations and compliance strategies.