Crypto industry looks to stablecoins and DeFi revisions in MiCA 2.0

The European Commission is seeking comment on how it can tweak MiCA, its regulatory framework for the crypto and blockchain industries.

In May, the European Commission opened a comment period, seeking feedback on regulations for the cryptocurrency and blockchain industries.

The comment period will precede eventual revisions and additions to the Markets in Crypto Assets (MiCA) legislative framework. Some have already dubbed the expected new framework “MiCA 2.0.”

Katie Harries, director and head of policy for Europe at Coinbase, told Cointelegraph that there are several key areas where “refinements could help ensure the framework remains competitive in the next phase of digital asset regulation.”

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