Since the earliest first draft of a European Crypto-asset regulation, we are following on the developments of MiCAR. Entered into force last summer as Regulation (EU) 2023/1114, we are currently in a transition period before MiCAR will start to apply in two steps: (i) Provisions on stablecoins (asset-referenced token and e-money token) during this summer, and (ii) the rest of MiCAR end the very end of this year.
All the developments around MiCAR required an updated version which can be accessed through the link below. All ready now, we advise several clients in different jurisdictions on the impact of MiCAR on their business models. As the time flies, it is important to get prepared to be MiCAR-ready.