Finally published: Crypto asset regulation MiCAR in the OJ
Written By
Related
Practices
Sectors
Trending Topics
Regions
Countries
On 9 June 2023, the Market in Crypto Assets Regulation has been published in the official journal of the European Union as Regulation (EU) 2023/1114.
MiCAR enters into force 20 days after its publication in the Official Journal of the European Union and will be directly applicable in all EU Member States by 30 December 2024 (with certain exceptions, e.g., regulation of stablecoins (asset-referenced token - ARTs - and e-money tokens - EMTs - will apply on 30 June 2024). This means that by the end of 2024, a harmonized regulatory framework for crypto-related products and services will be in place across the European Union.
At the same time, the updated transfer of funds regulation (now also covering crypto assets) has been published as Regulation (EU) 2023/1113. It also shall apply from 30 December 2024.
For further details on MiCAR, please see our continuously updated Road to MiCAR.
