EU Updates Crypto Classification Rules Under MiCA
20.07.2024 10:00 1 min. read Alexander Stefanov
The European Union has announced new regulations for classifying digital assets and cryptocurrencies under the Markets in Crypto-Assets Regulation (MiCA).
Released on July 12 by the European Banking Authority (EBA), European Insurance and Occupational Pensions Authority (EIOPA), and European Securities and Markets Authority (ESMA), these guidelines aim to standardize how various crypto-assets are categorized.
The new framework includes a series of questions to determine whether a token should be classified under MiCA or another category like e-money tokens (EMTs) or asset-referenced tokens (ARTs).
Issuers must provide detailed legal opinions to clarify their tokens’ classifications.
Feedback on these guidelines is invited until mid-October, with a virtual hearing scheduled for September 23.
The first MiCA regulations on stablecoins took effect on June 30, and further regulations are expected by December 2024. Circle has already ensured its stablecoins, USDC and EURC, meet MiCA standards.
-
1
EU Regulators Push for Stricter Capital Rules on Crypto-Holding Insurers
29.03.2025 16:00 1 min. read -
2
SEC’s Crypto Task Force to Hold Key Meeting with Industry Leaders
08.04.2025 14:00 2 min. read -
3
CFPB’s Role in Crypto Regulation Diminishes as Trump Administration Shifts Focus
07.04.2025 13:00 2 min. read -
4
Hong Kong Embraces Crypto Staking with New Regulatory Framework
08.04.2025 8:00 2 min. read -
5
U.S. Dollar at Risk? New York AG Urges Congress to Rein in Crypto
11.04.2025 17:00 2 min. read
Tensions Rise as Global Financial Body Pushes for Tighter Crypto Oversight
A new report by the Bank for International Settlements has reignited the clash between traditional financial authorities and the crypto world.
Fed Chair Teases Looser Crypto Rules as Washington Eyes Stablecoin Bill
Federal Reserve Chair Jerome Powell has hinted that U.S. banks may soon see more flexibility when it comes to handling digital assets—a notable shift from the cautious approach regulators have maintained in recent years.
U.S. Senator Pushes New Bill to Curb Corporate Influence in Government Advisory Roles
Concerns over unchecked influence in Washington have prompted a new legislative push to tighten ethics rules for part-time federal advisors with ties to powerful corporations.
New York Considers Allowing Bitcoin and Ethereum for State Payments
New York may soon allow residents to use digital assets like Bitcoin and Ethereum to pay for services tied to the state.
-
1
EU Regulators Push for Stricter Capital Rules on Crypto-Holding Insurers
29.03.2025 16:00 1 min. read -
2
SEC’s Crypto Task Force to Hold Key Meeting with Industry Leaders
08.04.2025 14:00 2 min. read -
3
CFPB’s Role in Crypto Regulation Diminishes as Trump Administration Shifts Focus
07.04.2025 13:00 2 min. read -
4
Hong Kong Embraces Crypto Staking with New Regulatory Framework
08.04.2025 8:00 2 min. read -
5
U.S. Dollar at Risk? New York AG Urges Congress to Rein in Crypto
11.04.2025 17:00 2 min. read
