The European Union is looking to revise its Markets in Crypto-Assets Regulation (MiCA) about a week after the landmark crypto rules went into full effect, according to euronews.
The European Commission is reportedly seeking comment from stakeholders until Sept. 30, as it gauges whether to expand the rules to encompass emerging technologies like tokenization and non-EU stablecoin issuers, euronews reported, citing several anonymous sources with knowledge of the situation.
MiCA is the EU's comprehensive regulatory framework that creates uniform rules across the bloc for crypto-asset issuance, trading, custody, and other services. While the rules came into effect in December 2024, there was a grace period for many service providers to implement the changes until July 1 of this year.
The commission is reportedly looking to revise MiCA in light of developments since the rules were written, including the emergence of tokenized securities, which several EU- and non-EU-based crypto exchanges are beginning to offer, as well as the continuing adoption of stablecoins.
In particular, the packages may be updated to reflect regulatory advancements in the U.S. after President Donald Trump signed the GENIUS Act into law last summer, legalizing the issuance of fully-backed "payments stablecoins."
