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ARTICLE · 22 AUGUST 2023

Crypto-Assets Regulatory Updates – August 2023

William Fry LLP
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MiCA provides an EU legal framework to shape the functioning of the EU markets in crypto-assets, which includes transparency rules, authorisation requirements, customer protection rules and an anti-market abuse framework.

IrelandFinance and Banking
Shane Kelleher
Shane Kelleher
John O'Connor
John O'Connor
Louise McNabola
Louise McNabola
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The Markets in Crypto-Assets Regulation (Regulation (EU) 2023/1114) (MiCA) entered into force on 29 June 2023.

MiCA provides an EU legal framework to shape the functioning of the EU markets in crypto-assets, which includes transparency rules, authorisation requirements, customer protection rules and an anti-market abuse framework.

Since MiCA entered into force, several related consultations have been launched, domestically and at an EU level.

Also, the Financial Stability Board (FSB), which coordinates at an international level the work of national financial authorities and international standard-setting bodies and develops and promotes the implementation of effective regulatory, supervisory, and other financial sector policies in the interest of financial stability, has finalised a global regulatory framework for crypto-asset activities.

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