What is the MiCA Rule in crypto?
The MiCA Rule – Regulation (EU) 2023/1114 (Markets in Crypto-Assets Regulation) is the European legal framework governing the crypto-assets market within the European Union.
MiCA applies to individuals, legal entities, and other undertakings involved in the issuance, public offering, admission to trading of crypto-assets, or the provision of crypto-related services within the EU.
One of the main objectives of the MiCA Rule is to establish a harmonized regulatory framework for crypto-assets and crypto services across the European Union, ensuring greater protection for investors and consumers. The regulation aims to increase transparency in the cryptocurrency market, provide access to clear and complete information, and introduce effective complaint-handling and dispute-resolution procedures.