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EU plans to expand MiCA regulatory scope to cover tokenisation and non-EU stablecoin issuers
BlockBeats news, July 8 — the EU is considering revising its Markets in Crypto-Assets Regulation (MiCA), with this action coming only about a week after the comprehensive crypto regulatory framework fully took effect.
The European Commission is seeking input from relevant stakeholders, with a deadline of September 30. According to several anonymous sources familiar with the matter, the European Commission is assessing whether to expand MiCA’s regulatory scope to cover emerging areas, including tokenization and non-EU stablecoin issuers.
MiCA is the EU’s comprehensive regulatory framework for crypto assets, aiming to establish unified rules for the issuance, trading, custody, and other related services of crypto assets across the entire EU. The regulation officially entered into force in December 2024, but most service providers were granted a transition period to complete compliance adjustments, and that transition period continued until July 1 of this year.