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MiCAR Tracker

On 29 June 2023, the Markets in Crypto-Assets Regulation (MiCAR) came into force. In general, it applies within two stages: (i) from 30 June 2024 on Stablecoins and (ii) from 30 December 2024 on the remaining parts.

While MiCAR is an regulation and will be effective in each Member State without any transposition measure, Member States will nevertheless need to review their current legislation to adjust to the requirements of MiCAR. This in particular relates to adjustments to the registration or licencing regimes introduced in accordance with AMLD5. The Member States, therefore, are now in the process of adjusting their local laws on crypto regulation to comply with the requirements of MiCAR. MiCAR will start to apply in a staged approach. Also this will need to be considered by the Member States. 

Key

 Status
  Adoption of the national implementing act
  Publication of the proposal
  Consultation phase
  No developments

 

MiCAR Tracker Map Accurate as of 04092024

Timeline:

The task of adjusting local law must be completed by 30 December 2024.

The Bird & Bird MiCAR Implementation Tracker provides essential information to help businesses to monitor the status of implementation into national law. We are available to provide any further guidance you may need. If you have any questions or would like to know more about how we can help you to prepare for the European crypto regulation, please get in touch.

Belgium

No draft available

Czech Republic

Consultation phase

Denmark

Adoption of the national implementing act

Finland

Consultation phase

France

Consultation phase

Germany

Consultation phase

Hungary

No draft available

Ireland

Consultation phase

Italy

Adoption of the national implementing act

Netherlands

Publication of proposal

Poland

Consultation phase

Slovakia

Consultation phase

Spain

Consultation phase

Sweden

Publication of proposal

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