Markets in Crypto-Assets Regulation

Definition ∞ Markets in Crypto-Assets Regulation, or MiCA, is a comprehensive legal framework for digital assets within the European Union. MiCA establishes uniform rules for the issuance, public offering, and trading of crypto-assets, as well as for the operation of crypto-asset service providers across EU member states. It aims to provide legal certainty, support innovation, ensure consumer protection, and maintain financial stability. The regulation classifies various crypto-assets and sets specific requirements for each category, including authorization, governance, and disclosure obligations.
Context ∞ MiCA represents a landmark legislative effort globally, establishing a harmonized regulatory environment for digital assets within a major economic bloc. Its implementation is a critical event for the crypto industry, impacting market access, operational procedures, and compliance costs for businesses targeting EU customers. The regulation’s influence extends beyond Europe, serving as a potential model for other jurisdictions developing their own digital asset frameworks.