EU's MiCA Regulation Is Live –– What Is Next?

Regulation is taking hold across the globe - what does that mean for Europe?

The European Union’s Markets in Crypto Assets (MiCA) regulation came into effect at the end of 2024. Now, member states of the EU have to enforce the MiCA regulation on their Crypto Asset Service Providers (CASPs) and ensure they meet requirements related to consumer protection, market abuse detection, and adherence to industrial standards.

While MiCA aims to be a uniform regulatory framework for the crypto industry in the European Union, member states have been introducing their standalone rules for the four years that MiCA has been making.

Now, it begs the question, what next?