The EU has initiated a review of the MiCA regime, informally called MiCA 2.0, with a consultation period ending in September. Lawyers and industry executives expect EU regulators to enforce MiCA differently, as unauthorized crypto companies must wind down operations. The UK's FCA's new crypto framework has been praised for its focus on global liquidity and institutional adoption. The authorization and compliance process for crypto firms is expected to be daunting and complex.
The UK's FCA introduces a regulatory framework focused on global liquidity, though firms face daunting compliance hurdles for authorization.
Read the full storyLegal experts expect divergent enforcement approaches by EU regulators as unauthorized crypto firms are forced to wind down operations following the MiCA transition period.
The European Union has launched a formal review of its Markets in Crypto-Assets framework to address evolving market conditions and regulatory gaps.