Regulatory Milestone: Europe’s MiCA Framework and Its Global Ripple Effects
The European Union’s Markets in Crypto-Assets (MiCA) Regulation, fully effective December 30, 2024, marks a pioneering milestone as the world’s first comprehensive crypto regulatory framework. Encompassing 27 member states and 450 million consumers, MiCA harmonizes rules for crypto-asset service providers (CASPs) and issuers, fostering transparency, consumer protection, and market stability. Its global influence, dubbed the…