EU formalizes world's first regulatory framework for crypto assets

June 29, 2023 - The European Union's groundbreaking regulation, the Markets in Crypto-Assets Regulation (MiCAR), went into force to provide the world's first harmonized regulatory framework for crypto-assets in the EU. The MiCA Regulation was finalized through the publication in the EU Official Journal and will begin applying for stablecoins June 30 2024, and for other tokens and service providers on December 30, 2024.