Officials set to revise MiCA to cover non-EU stablecoin issuers: Report
EU officials are preparing to revisit MiCA in response to the US GENIUS Act on stablecoins. The review, likely considered in 2027, could expand MiCA’s scope to better address non-EU stablecoin issuers, tokenized payments, and deposits. Current MiCA rules require crypto firms serving EU users to obtain a Crypto-Asset Service Provider license in one member state, and those rules took effect on July 1. The European Commission is already accepting comments on possible broader changes, including for DeFi and stablecoins, with some calling the effort “MiCA 2.0.” Major legislative changes are not expected before 2028. Separately, ESMA said it will review the operational resilience and custody risks of MiCA-licensed crypto firms from July 2025 through early 2027.
