The Mica Crypto Alliance calls for clarity on the new regulation

During the last press conference of the Mica Crypto AllianceSome prominent experts in the European encryption sector raised critical issues regarding the practical application of MICA (markets in encrypted buttons). At the discussion center: the inconsistency between the competent national authorities (NCAS), the absence of joint standards, and the need for a more transparent dialogue with the organizers.

Among the meeting speakers:

• Isadora ArredondoDirector of Global Policy, Hedra
• Alireza siadatPresident Blockchain & DLT, Deloitte
• Emily MoritzCEO, Savilo
• Alexandra LloydRisk and Compliance Director, Youhodler
• Meeting Supervisor: Magnus JonesMember of the Board of Directors, Nordic Blockchain Association

Mika: A historical step, but implementation is fragmented

The speakers unanimously realized the value of the Mika organization (Microscope) As a historical transformation point for The encryption sector In Europe. However, practical implementation creates a serious imbalance between member countries.

“It is not acceptable that after eight months of dialogue with the National Authority, the request is rejected without a clear confrontation. This happened in Germany, not an isolated case,”

High Alireza siadatIn reference to a real condition followed by his team.

In countries like Lithuania and LatviaThe responses to licensing requests within 5-6 months. in Italy or LuxembourgHowever, the organizers tend to use the entire available period of 18 monthsLeave companies in a state of operational forgetfulness and without the European passport needed to provide cross -border services.

Industry request: a real dialogue with the authorities

according to Alexandra LloydThe central issue is the lack of direct confrontation:

“Organizers often come from sectors such as gambling or traditional financing, and they really do not know Blockchain. They make decisions without precedents or strong technology foundations.”

There is no shared technical standards as an additional obstacle: each country applies different criteria on topics such as ESG or Geology or distance identification.

“We need common definitions: What is meant by emissions 3? Through” adequate “technologies? No one wants to be the first to decide, but this prohibits the entire ecosystem,”

Lloyd added.

Organization and innovation: a balance is needed

chief executive officer Saviloand Emily MoritzHe narrated the long journey that prompted its Swedish company to transfer from a local entity to an organized financial institution.

“It was a difficult but necessary process. The demands are high, as it should, but it is also necessary to ensure the sustainability and economic feasibility of companies.”

Mauritz also confirmed how Mika It represents a strategic opportunity for Europe:

“We are in a favorable moment, with enthusiasm and real growth in the sector. But an environmental system is needed that supports this energy, not the system that suffocates it.”

Towards Mika 2.0 or joint standards?

In the final debate, Isadora Arredondo (HEDERA) stressed the importance of understanding the original intention of Mika Systems:

“It has been created to protect consumers and give legitimacy to the sector, but today there is a need for a common effort to make it effective. Coordination between member states and dialogue with companies is necessary.”

Arredondo has suggested a practical approach: instead of MICA 2.0, working to implement technical standards and joint interpretations throughout Europe. “It is necessary to avoid organizational pleasure and loss of global competitiveness.”

Conclusion: Without cooperation, there is no innovation

The conference concluded with a strong message that all attendees shared: There is a need for cooperation between industry and organizers. Official consultations are not enough: meetings, workshops and necessary events where open and continuous dialogue can occur.

“In this way only we can guarantee protection for consumers, the certainty of the operators, and the attractiveness of Europe. The market is ready, but it needs clear rules,”

Magnus Jones, the event supervisor.