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ARTICLE · 16 JANUARY 2024

Markets In Crypto Assets Regulation

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The Markets in Crypto Assets Regulation, also known as MiCA marks the EU as the first major jurisdiction to introduce a comprehensive regulatory framework, with effect from the 20th April 2023.

MaltaFinance and Banking
Steve Muscat Azzopardi
Steve Muscat Azzopardi

Highlights of the Markets in Crypto Assets (MiCA) Regulation

The Markets in Crypto Assets Regulation, also known as MiCA marks the EU as the first major jurisdiction to introduce a comprehensive regulatory framework, with effect from the 20th April 2023.

The main questions on MiCA are answered briefly here:

When will MiCA come into force in each EU member state?

As a Regulation, MiCA is immediately effective in every EU member State starting from the 20th April 2023. This is not a directive which has to be transposed into law at a national level and permits scope for difference in interpretation or implementation. This should allow for an easier implementation of the passporting of crypto services across EU borders.

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