According to Odaily Planet Daily, the Crypto Asset Market Regulation Act (MiCA) will be fully implemented in the European Union on December 30, 2024. Marina Markezic, co-founder of the European Crypto Initiative (EUCI), said the regulation could cause "quite a lot of confusion."
Regulatory consistency faces challenges as the 27 EU member states may interpret the regulations differently. There is uncertainty in determining which projects and assets fall within the scope of MiCA regulation, especially regarding the definition of "fully decentralized."
In addition, there is no consensus in the industry on the definition of NFT, which leads to ambiguity as to whether some tokens are subject to MiCA regulation.