Digital Euro Association Blog

A Brief Introduction to MiCA

Dec 9, 2021 1:24:55 PM / by Deniz Baytemür posted in Digital Money, MiCA, Regulation

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A Brief Introduction to MiCA

The Digital Financial Package of the European Council is achieving its objectives. Having concerns to protect investors and financial stability, the Council finally reached an agreement on two regulations namely: The Regulation on Markets in Crypto Assets and The Digital Operational Resilience Act. The first one, MiCA, regulates crypto-assets and crypto-asset service providers in a comprehensive and balanced manner: While it proposes authorization requirements for the issuance of crypto-assets, and the crypto-asset service providers, certain cases are excluded from the scope in order to avoid unnecessary burdens. This article presents a brief outline of what MiCA Proposal (the Regulation or MiCA hereafter)1 offers from a legal perspective.


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