EU Intends to Accelerate Review of MiCA, Focusing on Rules for Non-EU Issued Stablecoins

cryptonews.ruPublicado a 2026-08-08Actualizado a 2026-08-08

Resumen

The European Union (EU) is accelerating a review of its Markets in Crypto-Assets (MiCA) framework, focusing specifically on closing a regulatory gap concerning non-EU stablecoin issuers. Despite ongoing consultations on the existing rules, EU diplomats report a decision to proceed with amendments. This move is driven by the current framework's failure to address major foreign issuers like Tether, which are excluded from the EU's licensing regime. Patrick Hansen from Circle warned this leaves EU users "either unprotected or cut off," calling it a "significant gap." The review is also influenced by regulatory developments abroad, including the US GENIUS Act and the Trump administration's support for stablecoins. Additionally, the updated framework will consider new technologies like tokenization, potentially expanding MiCA's scope to include tokenized payment means and deposits. A diplomat noted that reconsideration seems inevitable to account for positions from European institutions and global regulatory and tech changes. Although MiCA's transitional period for crypto-asset service providers just ended, the framework was approved in May 2023 based on realities over three years old, a considerable timeframe for the fast-evolving crypto industry.

It is reported that the European Union (EU) has already decided to revise the current regulatory framework governing the licensing and operations of cryptocurrencies and stablecoins in the eurozone, despite the fact that the Directorate-General for Financial Stability, Financial Services, and Capital Markets Union is currently consulting on whether to amend this framework or leave it as is.

European diplomats have indicated that the EU intends to amend the Markets in Crypto-Assets (MiCA) framework, which regulates cryptocurrencies in the region, in order to address the issue of stablecoin issuers from outside the EU who were excluded from the licensing procedure due to established requirements.

The review is also influenced by the adoption of the GENIUS Act in the United States and the support the Trump administration has given to stablecoins.

The current regulatory framework does not account for the largest foreign stablecoin issuers, including Tether, and legislators aim to rectify this situation. Patrick Hansen, Senior Director for EU Strategy and Policy at Circle, expressed concern about the consequences for European cryptocurrency users, emphasizing that the current implementation of MiCA leaves them "either unprotected or cut off," and that this omission represents a "significant gap."

Furthermore, the new regulatory framework will take into account the development of new technologies such as tokenization: diplomats will consider whether to expand the scope of MiCA to include new tokenized means of payment and deposits.

"At this stage, a revisit of this issue seems inevitable, not only in light of the stance expressed by several European institutions (including the ECB), but also to account for the latest regulatory and technological developments worldwide," an unnamed diplomat told Euronews.

Although MiCA's transitional period for Crypto-Asset Service Providers (CASPs) just concluded on July 1, the framework was approved by the EU Council on May 16, 2023, meaning many of its provisions are based on realities dating back over three years, which is a significant period for an innovative industry like cryptocurrency.

Preguntas relacionadas

QWhy is the EU planning to revise the MiCA framework, specifically regarding stablecoins?

AThe EU is planning to revise the Markets in Crypto-Assets (MiCA) framework to address the issue of stablecoin issuers from outside the EU that were excluded from the licensing procedures due to the established requirements. This move is also influenced by the adoption of the GENIUS Act in the US and the Trump administration's support for stablecoins.

QAccording to Patrick Hansen from Circle, what is a major problem with the current implementation of MiCA for European users?

AAccording to Patrick Hansen, Senior Director for EU Strategy and Policy at Circle, the current implementation of MiCA leaves European crypto users 'either without protection or cut off,' representing a 'significant gap' in the regulatory framework, particularly regarding major foreign stablecoin issuers.

QWhat are two specific areas the EU's regulatory update is considering besides stablecoins from non-EU issuers?

AThe regulatory update is considering: 1) Expanding the scope of MiCA to include new tokenized payment instruments and deposits, and 2) Accounting for the development of new technologies like tokenization.

QWhat reason did an unnamed diplomat give for the apparent inevitability of revisiting MiCA at this stage?

AAn unnamed diplomat stated that revisiting MiCA seems inevitable not only due to positions expressed by several European institutions (including the ECB) but also to account for the latest regulatory and technological developments worldwide.

QHow long has it been since the core MiCA framework was approved, and why is this timeframe significant according to the article?

AThe MiCA framework was approved by the EU Council on May 16, 2023, with many of its provisions based on realities dating back more than three years. This is a significant timeframe for an innovative industry like cryptocurrencies, which evolves rapidly.

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