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By Romain SWERTVAEGER, Partner, Fintech Leader Clément ROBERT, Senior Manager, Regulatory Compliance, EY Luxembourg
December 30 not only marks the upcoming new year, but also brings the second part of the EU’s MiCA Regulation into effect. Consequently, 2025 will greet industries with requirements around CASP licensing and market abuse prevention, aimed at strengthening and legitimizing the European crypto-asset market. As Bitcoin has breached the USD 100,000 cap, investors and financial institutions (FIs) are once again turning their attention to crypto-related products, making MiCA’s timing ideal.
In June 2024, the European Union began implementing part of the Markets in Crypto-Assets (MiCA) Regulation, initially focusing on Asset...
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