European Commission Reviews Crypto Framework as Euro Stablecoin Project Gains Momentum

The European Commission has kicked off an in-depth review of its landmark crypto framework, the Markets in Crypto-assets Regulation (MiCA), to ensure it remains effective in regulating digital assets. As market dynamics continue to evolve, the Commission is seeking feedback from stakeholders and the public on whether updates are necessary to reflect changes since 2024.

The review will focus on MiCA's core components, with a public consultation for individuals and a targeted consultation addressing technical and legal issues. The targeted consultation aims to gather input from crypto issuers, financial institutions, technology firms, academia, think tanks, industry associations, consumer groups, and EU public authorities.