The European Mic’s Law is Crete, but can the crippto industry be in progress?
The market of the European Union in the regulation of crypto-means – is better known as Mića – now it is in its critical phase of implementation. Designed for combination of crypto regulation in all 27 EU member states, MICA promises clarity, consumer protection and long-term stability in the market. But how to start implementation, the cracks are already shown.
In this weekly episode Insight bytesWe are now investigating key provisions of MICE, especially about stablecoin, and why some of the largest players on the market refuse to adhere.
Since January 2025. CRIPTO Property Suppliers (CASPS) began to acquire licenses for legal action in the EU. Transitional or “grandfather” period allows existing firms to 18 months, depending on the Member State, to adhere. However, they are approaching deadlines, companies are forced to act quickly.
Stablecoins on the bay
One of the earliest and eligible orders of MICA includes stablecoins. According to the law, it cannot be offered by Stablecoin to EU users, unless the issuer is authorized to the EU and publish a white paper authorized by the regulator.
Strict rules around the reserves of property, management, conflict of interest and marketing are also part of the package. Publishers are even prohibited from offering interest in tokens, removing a joint incentive for adoption.
Related: StableCoin Regulation Next ‘Catalyst’ for the CRIPTO industry – APTOS HEAD
The most use Spotpoin StableCoin – Tether’s USDT (USDTT) – has already announced Will not seek mice compliancewhich means that exchanges will soon be forced to nostate it throughout the EU. This has great implications for liquidity, retail access and definitely activity in the region.
Paolo Ardoin’s tagged director said CointheLegraph’s Gareth Jenkinson on Token 2049:
“The reason is not, uh, fear of regulations, compliance … The problem I had with HM, with Mića that it is very dangerous when it comes to stablecoins and I believe it is even more dangerous for a small middle banking system in Europe.”
Compliance is crucial
On the side, other companies are leaning. Bitgo, Recent Crypto Custody They have provided a License to Align on Mića It is positioned in Germany to serve institutional players throughout Europe.
Brett Reeves, Head of Network and European Sales in Sitg, said COINTELEGRAPH License not only respect, but long-term strategic harmonization with European implementation of the regulatory landscape of Europe.
“We found that Buffin and European regulators are relatively simple to deal with. Sometimes they have difficult questions, but they are here to make sure that our processes are in force and improve.”
We also talked to Ervin Voloder, the Head of Politics at the European Association of Blocchain, which emphasized the need for consistent interpretation at the national level and better regulatory guidelines to prevent fragmentation.
Listen to full episode Insight bytes For a complete interview on COINTELEGRAP Podcasts page, Apple Podcasts or Spotify. And don’t forget to check the complete setting of other COINTELEGRAPHA emissions!
Journal: Legal Panel: Cripto wanted to overthrow banks, now becomes in stablecoin fight
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2025-05-16 17:30:00
