EU weighs MiCA changes in 2027 amid US stablecoin push

Homepage > News > Business > EU weighs MiCA changes in 2027 amid US stablecoin push The European Union appears set to revise and broaden the scope of its landmark Markets in Crypto-Assets (MiCA) regulation to cover non-EU issuers, in light of market developments and an increasing push from the United States for stablecoins, according to a Euronews report. The European Commission, the executive arm of the EU, launched a targeted consultation on May 20 aimed at digital assets industry representatives (such as crypto-asset service providers and issuers) and public authorities (e.g., national or European supervisors, central banks, and Ministries of finance), to assess whether the MiCA regulation remains “fit for purpose.” According to an August 8 Euronews report, an unnamed EU diplomat told the outlet that “reopening the file seems unavoidable at this stage, not only in light of the position expressed by several European institutions (not least the ECB), but also to cater for the most recent regulatory and technological developments worldwide.” One potential area for revision is how MiCA deals with stablecoins issued or jointly issued outside the EU. While MiCA generally requ...