Officials set to revise MiCA to cover non-EU stablecoin issuers: Report

EU officials reportedly plan to consider changes to the Markets in Crypto-Assets framework, dubbed by some as “MiCA 2.0,” in response to a US stablecoin law and rules on tokenized payments and deposits.

European Union officials are reportedly planning to revise the Markets in Crypto-Assets (MiCA) framework amid the implementation of a US law on stablecoins.

According to a Wednesday report from Euronews, EU officials planned to revisit proposed changes to MiCA to broaden the framework's scope, specifically regarding non-EU companies issuing stablecoins. 

The revised rules, which authorities will reportedly consider in 2027, were in response to the US government’s Guiding and Establishing National Innovation for US Stablecoins, or GENIUS, Act, putting pressure on EU officials to clarify how US stablecoin issuers could be regulated in member states. Officials will also reportedly consider expanding MiCA to include rules on tokenized payments and deposits.

Read more