European Union: Passed Markets in Crypto Assets Regulation (MiCA) including authorisation requirements by European Parliament
Description
Passed Markets in Crypto Assets Regulation (MiCA) including authorisation requirements 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. In particular, the issuers of crypto-assets will have to register with designated authorities in the Member State and obtain authorisation to operate in the European Union. Furthermore, the issuers of crypto-assets will have to provide information regarding their capital, technical features of the digital good and their security protocols. The MiCA now goes to the Council of the European Union for final approval, and it will enter into force 20 days after its publishing in the Official Journal.
Original sourceScope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
supranational
Government Branch
legislature
Government Body
parliament
Complete timeline of this policy change
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2020-09-24
under deliberation
2021-11-19
under deliberation
2022-03-17
under deliberation
2022-06-30
under deliberation
2022-10-05
under deliberation
2023-04-20
under deliberation
2023-05-16
adopted
2023-06-29
in grace period
2024-06-30
in force