
EU adopts post-MiCA digital assets roadmap
- The European Parliament adopted a policy paper calling for further assessment of decentralised finance, staking, crypto lending and NFTs after MiCA's transition period ended.
- The report does not change existing laws but outlines Parliament's position on the future direction of digital asset regulation.
- Lawmakers also backed consistent implementation of MiCA and greater support for tokenisation and euro-denominated stablecoins.
The European Parliament adopted a digital assets policy paper calling for further assessment of decentralised finance, staking, crypto lending, borrowing and non-fungible tokens following the end of the Markets in Crypto-Assets framework's transition period.
The report became Parliament's formal policy position on digital assets after MiCA's transition period ended on July 1, although it does not amend the existing regulation or introduce new legal obligations for cryptocurrency businesses.
Lawmakers called on the European Commission to examine whether additional digital asset activities should fall within MiCA's regulatory scope, while also urging consistent implementation across EU member states to avoid market fragmentation.
The report supports further development of tokenisation and euro-denominated stablecoins as part of improving the competitiveness of European financial markets, and no direct market reaction accompanied the announcement.
MiCA introduced licensing and conduct requirements for cryptocurrency service providers and certain token issuers, but decentralised finance, staking, lending, non-fungible tokens and tokenised financial assets remain areas under review.
The European Commission launched a public consultation in May on possible changes to MiCA, including whether additional cryptocurrency activities should be regulated and whether restrictions on interest-bearing stablecoins should be reconsidered.