Publication of the MICA regulation
01/09/2023
The European MiCA (Markets in Crypto-Assets) regulation on crypto-asset markets was published on June 9, 2023, in the OJ of the European Union.
It will enter into force 20 days later, but a deadline until December 30, 2024, is provided for the application of its legislative provisions. However, certain provisions, mainly relating to stable coins, will enter into force earlier, namely on June 30, 2024. Digital Asset Service Providers already licensed under national frameworks will benefit from an 18-month reprieve after application to obtain their MiCA approval, i.e., until the second quarter of 2026. The publication of the regulatory technical standards (RTS) should be done before end 2023.