One of the most common ways for a jurisdiction to attract the attention—and investment—of a particular industry is to offer them a regulatory regime that is different and provides enough scope for players in the sector to leverage opportunities for growth.
The European Union’s (EU) Markets in Crypto-Assets Regulation (MiCA) is the first comprehensive legal framework for cryptoassets that establishes uniform rules across the bloc’s 27 member states. It requires cryptoasset service providers (CASPs), such as exchanges, wallet providers, and stablecoin issuers, to obtain authorization from national regulators and meet strict standards on governance, transparency, disclosure, and supervision of transactions.
