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ARTICLE · 27 JUNE 2023

An Era Of Cryptocurrency Regulation Across The Globe

William Fry LLP
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In light of the increasing legal recognition and use of crypto-assets, the Markets in Crypto-Assets Regulation (MiCA) has become a hot topic of discussion across the globe...

IrelandTechnology
John O'Connor
John O'Connor
Shane Kelleher
Shane Kelleher
Louise McNabola
Louise McNabola
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In light of the increasing legal recognition and use of crypto-assets, the Markets in Crypto-Assets Regulation (MiCA) has become a hot topic of discussion across the globe (see here and here for our in-depth briefing on MiCA and recent comments from the Central Bank of Ireland).

MiCA will enable the EU to have a harmonised approach to crypto asset regulation across all 27 member states.

MiCA was published in the Official Journal of the European Union on 9 June 2023 and will enter into force on 29 June 2023. However, the key crypto-assets provisions regarding e-money tokens and asset-referenced tokens will not apply until 30 June 2024. Following that date, further provisions regulating crypto-asset service providers will become applicable on 30 December 2024.

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