EU’s MiCA Regulation for Stablecoins Set to Take Effect June 30

The European Union’s Markets in Crypto-Assets (MiCA) regulation is set to take partial effect on June 30, targeting stablecoins.

In just three days, industry giants like Bitstamp and Binance have been preparing for the new rules, which are expected to impact many EU crypto users.

The regulation aims to provide a comprehensive regulatory framework for digital assets, a move that some experts believe Europe has achieved ahead of other jurisdictions, including the U.S.

The implementation of MiCA, which takes effect this Sunday, has raised several concerns among stakeholders about its potential impact on the market, including six key concerns.

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