Markets in Crypto Assets (MiCA)

As part of its digital finance strategy, the EU Commission introduced a proposal to regulate Markets in Crypto Assets (MiCA). 

All crypto assets (virtual assets) that did not fall under pre-existing governance or regulations would fall under MiCA. 

Examples include e-money, utility and asset-referenced tokens. 

MiCA has 4 main objectives:

1. To protect consumers, investors, and market integrity,

2. Ensure financial stability,

3. Ensure legal certainty for crypto assets and,  

4. Support fair competition and innovation.