MiCA Definition.

Markets in Crypto-Assets Regulation, Regulation (EU) 2023/1114: the first harmonized EU framework for crypto-assets. Its stablecoin rules, covering e-money tokens (EMTs) and asset-referenced tokens (ARTs), have applied since June 30, 2024, and the rest of the framework since December 30, 2024. Issuers and crypto-asset service providers (CASPs) are licensed and supervised by national authorities (the AMF and the ACPR in France), coordinated by ESMA and the EBA.

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