The implementation of the Markets in Crypto-Assets Regulation (MiCA) will begin on December 30, 2024, marking a significant milestone in EU crypto regulation.
Beginning of a New Era for the Crypto Market
With the commencement of MiCA, the EU introduces a new framework aimed at investor protection and crypto service regulation. The regime requires licensing of crypto providers, directly impacting the market, including stablecoins like USDT and USDC.
Tether's Position on Licensing
Tether, the issuer of USDT, has stated that it does not plan to acquire a MiCA license. However, it reassured that USDT holders should not panic due to the new MiCA law.
Analysts' Views on MiCA Implementation
Most analysts believe that the MiCA implementation will stabilize the digital asset sector and positively influence its development in Europe. Meanwhile, service providers operating under national regulations will benefit from a transition period to adapt to the new law.
The implementation of MiCA marks a new phase for the crypto market, expected to bring stability and enhance investor protection.
