Svmuu reported that the European Union has officially launched a public evaluation and consultation on the Markets in Crypto-Assets Regulation (MiCA), assessing the framework's applicability against the backdrop of the rapidly evolving digital asset landscape, with submissions from industry and the public open until August 31. This evaluation covers MiCA's core rule system, including key regulatory areas such as the issuance of crypto assets, Asset-Referenced Tokens (ARTs), Electronic Money Tokens (EMTs), and Crypto-Asset Service Providers (CASPs).
The EU's consultation follows two tracks: an open call for public opinions, and a technical, targeted consultation for financial institutions, regulators, and industry organizations. The European Commission stated that this move stems from the continuous evolution of the global digital asset market and competitive pressures arising from the rapid advancement of crypto regulation in the United States and Asia.
Meanwhile, the MiCA transitional period will end in July 2026, by which time crypto firms must obtain full compliance authorization. Recently, Zerohash has become the first company to simultaneously obtain a MiCA CASP license and a Dutch electronic money institution license. Poland has also just passed its local MiCA implementation bill.
A Coinbase Europe policy director stated that MiCA has established an early global standard, but "targeted optimizations" should be made to balance regulatory safety with international competitiveness. The European Commission also supports centralizing regulatory authority for large cross-border crypto institutions under ESMA to strengthen the unified regulatory system. (The Block)