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Home » The roadmap to regulation of crypto-assets: the introduction of MiCAR – Lexology

The roadmap to regulation of crypto-assets: the introduction of MiCAR – Lexology

The roadmap to regulation of crypto-assets: the introduction of MiCAR – Lexology

Following publication of MiCAR in the official journal of the European Union, MiCAR entered into force on 29 June 2023.Introduction and scope of MiCAR: crypto-assetsPrior to the introduction of MiCAR, European legislation did not regulate the provision of virtual assets services; meaning that the provision of virtual asset services is generally subject to the legislation of the different EU member states. MiCAR provides a sound legal framework for the crypto-asset markets to develop within the EU and is intended to cover assets, markets and service providers that slipped through the regulatory net prior to MiCAR.MiCAR will apply to issuers of crypto-assets,… 

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