According to Odaily Planet Daily, the Crypto Asset Market Regulation Act (MiCA) will be fully implemented in the EU on December 30, 2024. Marina Markezic, co-founder of the European Crypto Initiative (EUCI), stated that the regulation may cause 'quite a bit of confusion'.
Due to the differing interpretations of regulations by the 27 EU member states, regulatory consistency faces challenges. There is uncertainty about which projects and assets fall under the MiCA regulatory scope, especially regarding the definition of 'fully decentralized'.
Furthermore, there is no consensus on the definition of NFTs within the industry, leading to ambiguity about whether certain tokens are subject to MiCA regulation.