EU opens consultation on MiCA stablecoin rules and DeFi gaps

EU opens MiCA review as consultation probes stablecoin interest rules, DeFi risks and classification gaps ahead of July's crypto authorization deadline.

The European Commission has opened a review of its landmark crypto regulation, signaling that the European Union is considering updates to its landmark digital asset framework just two years after it took effect.

The commission on Wednesday launched a public consultation seeking feedback from the crypto industry and the wider public on whether the EU’s Markets in Crypto-Assets Regulation (MiCA) should be updated. The consultation will remain open until Aug. 31.

The commission said crypto markets and the global regulatory environment have “continued to evolve” since MiCA took effect in 2024, prompting officials to assess whether the current framework remains “fit for purpose.”

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