European Commission launches open consultation on MiCA implementation

The European Commission has initiated a public and targeted consultation on the implementation of the Crypto Asset Market Regulation (MiCA) to evaluate the applicability of the current EU crypto asset regulatory framework. MiCA will standardize encrypted assets, asset reference tokens, electronic currency tokens, and related services from 2024 onwards. This consultation is open to individuals, cryptocurrency issuers, service providers, financial institutions, technology companies, academia, and regulatory agencies, with a focus on soliciting opinions on the main institutional modules of MiCA. The consultation deadline is August 31st, and the results will be used for the formulation of digital asset policies.