The Markets in Crypto Assets (MiCA) Regulation is a legal framework designed to regulate and supervise crypto asset markets in the European Union. MiCA aims to provide legal certainty, protect investors, and ensure the integrity of crypto markets by establishing clear and uniform rules across EU member states.
Main Objectives of MiCA :
- Unified Regulation: MiCA aims to address current regulatory shortcomings and create a uniform framework across the European Union, reducing market fragmentation caused by different regulations in individual member states.
- Investor Protection: One of the main focuses of the MiCA is to protect investors from potential risks and fraud that may be associated with crypto assets. MiCA includes transparency and disclosure requirements to provide adequate information to investors.
- Market Stability: MiCA aims to ensure crypto market stability by regulating the issuance, trading, and storage of crypto assets, as well as regulating related activities such as crypto asset service providers (CASPs).
- Innovation and Development: MiCA is designed to support innovation in the crypto market by providing legal certainty, while maintaining high standards in terms of consumer protection and market stability.