EU Eyes MiCA Overhaul Amid Stablecoin Regulatory Uncertainty

European Union officials are preparing to revise the Markets in Crypto-Assets (MiCA) framework to expand oversight of non-EU stablecoin issuers.

The move follows the introduction of the United States' GENIUS Act, which has prompted a review of how stablecoins can operate within the EU's 27 member states.

Under the proposed changes, officials will consider whether MiCA should cover tokenised payments and deposits as well as other digital asset activities.

The European Commission has already opened a public consultation on possible MiCA revisions, including provisions covering decentralised finance and stablecoins, with submissions accepted until August 31.