European Union: Additional competition measures for significant asset-referenced tokens in EU Regulation on Markets in Crypto Assets

Progress

Current status
in grace period
30 Jun 2024 in force
29 Jun 2023 in grace period
16 May 2023 adopted
20 Apr 2023 under deliberation
05 Oct 2022 under deliberation
30 Jun 2022 under deliberation
17 Mar 2022 under deliberation
19 Nov 2021 under deliberation
24 Sep 2020 under deliberation

Scope

Implementers
Austria
Belgium
Bulgaria
Croatia
Cyprus
Czechia
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Ireland
Italy
Latvia
Lithuania
Luxembourg
Malta
Netherlands
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
Policy Area
Competition
Policy Instrument
Unilateral conduct regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
legislature
executive
Government Body
parliament
central government
Implementation Level
supranational

Timeline of events

30 Jun 2024
in force

Implemented Crypto Assets Regulation (MiCA) including competition measures

On 30 June 2024, Titles III and IV of the Market in Crypto Assets Regulation (MiCA) concerning asset-referenced tokens and e-money tokens entered into force. The Regulation will apply to crypto-asset issuers and crypto-asset service providers and ou…

Source
Event type law
Action type implementation
Government branch legislature
Government body parliament
29 Jun 2023
in grace period

Entry into force of Crypto Assets Regulation (MiCA) including competition measures

On 29 June 2023, the Markets in Crypto Assets Regulation (MiCA) enetrs into force with grace period. The Regulation will apply to crypto-asset issuers and crypto-asset service providers and outlines additional obligations to crypto-asset issues cla…

Source
Event type law
Action type in force with grace period
Government branch legislature
Government body parliament
16 May 2023
adopted

Adopted Crypto Assets Regulation (MiCA) including competition measures by Council

On 16 May 2023, the Council of the European Union adopted the Markets in Crypto Assets Regulation (MiCA). The Regulation will apply to crypto-asset issuers and crypto-asset service providers and outlines additional obligations to crypto-asset issues…

Source
Event type law
Action type adoption
Government branch legislature
Government body parliament
20 Apr 2023
under deliberation

Passed Crypto Assets Regulation (MiCA) including competition measures by European Parliament

On 20 April 2023, the European Parliament passed the Markets in Crypto Assets Regulation (MiCA). The Regulation will apply to crypto-asset issuers and crypto-asset service providers and outlines additional obligations to crypto-asset issues classifi…

Source
Event type law
Action type passage
Government branch legislature
Government body parliament
05 Oct 2022
under deliberation

Issued Markets in Crypto Assets Regulation (MiCA) including competition measures by the General Secretariat of the Council of the European Union

On 5 October 2022, the General Secretariat of the Council of the European Union issued the text of the Markets in Crypto Assets Regulation (MiCA) that was agreed on 30 June 2022 following the European Parliament and the Council trialogue negotiation…

Source
Event type law
Action type passage
Government branch legislature
Government body parliament
30 Jun 2022
under deliberation

European Parliament and Council reach agreement on crypto-assets market regulation including competition measures

On 30 June 2022, the European Parliament and the Council announced that an agreement on the proposed regulation on Markets in Crypto-assets was reached. The provisional agreement outlines additional obligations for issuers of crypto-assets that have…

Source
Event type law
Action type passage
Government branch legislature
Government body parliament
17 Mar 2022
under deliberation

European Parliament adopts draft regulation of crypto-assets markets including competition measures

On 17 March 2022, the European Parliament adopted the draft report on the EU Regulation Markets in Crypto-Assets (MiCa). The proposal outlines additional obligations to crypto-assets issues classified as “significant”, to be classified as such an en…

Source
Event type law
Action type passage
Government branch legislature
Government body parliament
19 Nov 2021
under deliberation

Council issues general approach on crypto-assets market regulation including competition measures

The Council adopted a common position on the Regulation on Markets in Crypto Assets. The proposal outlines additional obligations to crypto-assets issues classified as “significant”, to be classified as such an entity has to meet three or more crite…

Source
Event type law
Action type passage
Government branch legislature
Government body parliament
24 Sep 2020
under deliberation

EC proposal on regulation of crypto markets including competition measures

On 24 September 2020, the European Commission published the proposal on markets in crypto-assets to harmonise the legislative framework for the issuance and trading of crypto tokens to protect consumers and investors from market instability, fraud a…

Source
Event type law
Action type introduction
Government branch executive
Government body central government