Why is the European Union reviewing the MiCA framework?

The European Union is reviewing the Markets in Crypto-Assets (MiCA) framework to address regulatory issues involving non-EU stablecoin issuers. Officials are also considering whether MiCA should cover tokenised payments, tokenised deposits and other digital asset activities.

What changes could be included in the revised MiCA framework?

The proposed MiCA revisions could expand oversight of stablecoin issuers based outside the European Union and introduce rules for tokenised payments and deposits. The review may also update existing provisions covering decentralised finance and stablecoins.

How did the US GENIUS Act influence the MiCA review?

European Union officials are reportedly reviewing MiCA following the introduction of the United States' GENIUS Act, which created a federal framework for stablecoins. The review is expected to clarify how US stablecoin issuers can operate within the European Union.

When could the revised MiCA rules take effect?

European Union officials are expected to consider the proposed MiCA revisions in 2027 following a public consultation that closes on Aug. 31. Legal experts have said formal legislative proposals are unlikely to be adopted before 2028.

What is the European Securities and Markets Authority reviewing under MiCA?

The European Securities and Markets Authority is reviewing the operational resilience of Crypto-Asset Service Providers licensed under MiCA. The review will run from July through the first half of 2027 as regulators monitor implementation of the framework.

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EU plans MiCA stablecoin rules overhaul

Written by Isaac FrancisPublished Jul 9, 2026, 1:46 AM

European Union officials are reportedly preparing changes to MiCA that would expand oversight of non-EU stablecoin issuers.
The proposed review follows the United States' GENIUS Act and could also introduce rules for tokenised payments and deposits.
Officials are expected to consider the revised framework in 2027 while continuing broader reviews of cryptocurrency regulation.

European Union officials are reportedly preparing to revise the Markets in Crypto-Assets (MiCA) framework to expand oversight of non-EU stablecoin issuers following the introduction of the United States' GENIUS Act.

According to Euronews, officials are expected to consider the proposed changes in 2027, with the review also examining whether MiCA should cover tokenised payments, tokenised deposits and other digital asset activities.

The proposed changes would clarify how stablecoin issuers based outside the European Union can operate within the bloc's 27 member states while building on the existing Crypto-Asset Service Provider licensing framework.

The European Commission has already opened a public consultation on possible MiCA revisions, including provisions covering decentralised finance and stablecoins, with submissions accepted until Aug. 31.

The proposed amendments remain under consultation and no legislative changes have been approved, and because the announcement concerns regulatory policy rather than a listed company, there was no share price reaction.

Some industry participants have referred to the review as "MiCA 2.0", although legal experts have suggested any formal legislative proposals are unlikely before 2028 due to the European Union's lawmaking process.

Separately, the European Securities and Markets Authority announced it will review the operational resilience of Crypto-Asset Service Providers licensed under MiCA from July through the first half of 2027 as implementation of the framework continues.