Markets in Crypto-Assets (MiCA)

Further to the EC non paper on a EU framework for markets in crypto-assets published in May (see summary here). CUK has obtained the final non-paper released in July.

We are pleased to see that the commission has broadly listened to the industry and is proposing a bespoke regime for non security tokens (payment & utility). Also. that the commission is not considering stablecoins as a form of e-money.

Further details here.

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