According to Euronews, it is seeking comments from the industry until September 30. The reason for the changes is the development of tokenized securities, which are offered by several crypto exchanges in the EU and beyond. The new measures may also be linked to the adoption in the United States of the GENIUS Act, a stablecoin law that is gradually coming into force. However, expanding MiCA could make compliance more difficult for the industry. In particular, out of 3,000 crypto companies operating in the EU, only 244 have been able to obtain a license. The crypto exchange AscendEX, which suffered a $78 million hack in 2021, is shutting down. The company was unable to obtain MiCA authorization and cannot guarantee user payouts.
News Stablecoins
The European Commission plans to expand the scope of MiCA to include tokenization and stablecoin issuers outside the EU
According to Euronews, it is seeking comments from the industry until September 30. The reason for the changes is the development of tokenized securities, which are offered by several crypto exchanges...