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ARTICLE · 03 DECEMBER 2025

Just Settled MiCA? Now Comes PSD3

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While the market is still adapting to Markets in Crypto-Assets Regulation (MiCA), the European Union (EU) has moved quickly to reshape the payments landscape...

European UnionTechnology
Galyna Podoprikhina
Galyna Podoprikhina
Lara Savona
Lara Savona
Maria Gatt
Maria Gatt
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While the market is still adapting to Markets in Crypto-Assets Regulation (MiCA), the European Union (EU) has moved quickly to reshape the payments landscape by agreeing on a major overhaul of its payment rulebook, introducing a new framework designed to strengthen consumer protection, reduce fraud, and modernise the digital payments landscape. The package, anchored by the Third Payment Services Directive (PSD3) and the new Payment Services Regulation (PSR), aims to harmonise operational rules across the EU, close regulatory gaps, and create a more coherent environment for banks, fintechs, and e-money issuers and certain crypto-asset firms operating across the EU.

What's changing: Key measures

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