EU is ready for Crypto Assets legal framework
The proposal MiCA is part of the Digital Finance package, a package of measures to further enable and support the potential of Digital Finance in terms of innovation and competition while mitigating the risks. It is in line with the EU Commission priorities to make Europe fit for the digital age and to build a future-ready economy that works for the people. The Digital Finance package includes a new Strategy on Digital Finance for the EU financial sector with the aim to ensure that the EU embraces the digital revolution and drives it with innovative European firms in the lead, making the benefits of digital finance available to European consumers and businesses. In addition to this proposal, the package also includes a proposal for a pilot regime on distributed ledger technology (DLT) market infrastructures, a proposal for digital operational resilience, and a proposal to clarify or amend certain related EU financial services rules.