The EU intends to expand the regulation of MiCA to cover monetization and the issuance of non-EU stable currencies Business

On 8 July, the EU was considering an amendment to its Encrypted Assets Market Regulation Act (MiCA), which is only about a week from the full entry into force of the encryption regulatory framework. The European Commission is in the process of consulting relevant stakeholders, with a deadline of 30 September. According to several anonymous sources, the European Commission is assessing whether the regulation of the MiCA is being expanded to cover new and emerging areas, including monetization and non-EU stabilizers. MiCA is the EU ' s comprehensive regulatory framework for encrypted assets, which aims to establish uniform rules for the distribution, trade, hosting and other related services of encrypted assets throughout the EU. The regulation entered into force in December 2024, but most service providers have been granted a transitional period to complete the compliance adjustment, which continues until 1 July。