Level 2 measures are regulatory or policy actions that provide detailed specifications, technical standards, or implementation guidance for broader, overarching legislative principles (Level 1 measures). These measures translate high-level legal mandates into practical rules for industry participants. They ensure consistent application of regulations and compliance.
Context
In digital asset regulation, Level 2 measures are crucial for operationalizing new laws, defining specific requirements for crypto service providers regarding licensing, capital adequacy, and customer protection. The ongoing development of these detailed rules significantly shapes the compliance landscape for blockchain businesses. Clarity in these measures is vital.
MiCA's full stablecoin applicability forces EU exchanges to delist non-compliant assets, fundamentally reshaping the region's digital asset liquidity architecture.
The December 30, 2024, MiCA deadline operationalizes a unified EU compliance framework, requiring CASPs to immediately integrate new prudential and consumer protection controls.
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