EU Crypto Regulation: What’s Next?
2022 might be the defining year for crypto regulation. On March 23, 2022, the European Parliament published the European Commission’s draft proposal regarding the Markets in Crypto-Assets (MiCA) framework. The MiCA framework, which is due to be formally adopted in legislation in 2024, seeks to harmonize the existing, largely disparate, crypto laws. As crypto regulation has now entered its next stage of discussions, let’s review the pains and benefits of the MiCA framework.