Europe Rethinks Crypto Rules
Europe is rewriting its crypto rulebook. Here is what MiCA 2.0 means for the future of digital assets. 🇪🇺
What the video says
Could Europe's pioneering crypto rulebook be heading for a major centralization fight? 3 years after MiCA became law, European policymakers are launching a critical review.
The consultation closes around September. This review is known colloquially as MiCA 2.0.
Analysts suggest the European Securities and Markets Authority is likely to become the centralized supervisor. Critics argue centralizing supervision under ESMAs raises the risk of creating a bureaucratic organization that could stifle the industry.
The rethink is driven by massive growth in institutional stablecoins. Yet imposing geographic limits on these multi-issuance tokens could dilute their value as natively global payment systems.
