What is MiCA regulation (Markets in Crypto Assets Regulation)?
MiCA regulation (Markets in Crypto-Assets Regulation) is a legislative act of the European Union aimed at creating a unified legal framework for working with crypto assets. MiCA covers a wide range of aspects of the crypto market, including requirements for token issuers, cryptocurrency service providers, and risk management.
MiCA is the first major initiative in the EU that regulates cryptocurrencies and related services at the union level. The document establishes clear rules for all market participants, including requirements for stable tokens (stablecoins), prevention of manipulation, and data protection. This makes MiCA an important step in forming a safe and stable ecosystem for crypto assets for both businesses and users.