Quality

The upcoming implementation of the Markets in Crypto-Assets Regulation (MiCA) in the EU will have a profound impact on the global cryptocurrency market. As one of the most influential regulatory frameworks for crypto assets worldwide, MiCA aims to ensure market transparency, stability, and security. However, this series of regulatory measures, particularly strict regulations for stablecoins, may lead to widespread attention and controversy both within and outside the cryptocurrency industry. For stablecoin issuers, MiCA not only requires them to obtain electronic money licenses but also imposes higher reserve requirements and trading monitoring measures, which will directly affect the market performance and liquidity of stablecoins, especially in the EU region.