European Commission Launches Formal MiCA Review, Seeking Feedback Through Aug. 31

The European Commission opened a formal consultation on May 20 on whether MiCA, the bloc's landmark crypto-assets framework, remains fit for purpose as digital asset markets evolve. The Commission is inviting feedback from individuals and industry participants through August 31.

The review covers MiCA's main building blocks, including rules for crypto-asset issuers, asset-referenced tokens, e-money tokens, and crypto-asset service providers. The Commission cited continued evolution in digital asset markets and a significantly changed global regulatory landscape as the basis for the reassessment.

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