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EU Initiates Countdown for Revolutionary Crypto Legislation, MiCA Takes Center Stage in Official Journal



The European Union_s Markets in Crypto-Assets (MiCA) legislation has been published in the Official Journal of the European Union, marking the countdown for the law to take effect from December 30, 2024. The regulations, which aim to establish a consistent regulatory framework for crypto assets across EU member states, will start to apply on that date, with some provisions coming into effect on June 30, 2024. The legislation includes requirements for registration, authorization, security, and risk mitigation for cryptocurrency issuers, exchanges, and wallet providers.
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