MiCA  – the new legal framework in Europe of the blockchain industry.

1. Introduction .

The European Union (EU) Regulation on Markets in Crypto-assets (MiCA) aims to introduce an EU-wide regulatory framework regarding financial, legal and technological processes in the blockchain ecosystem, providing legal clarity and certainty for the European crypto-asset market. The legal framework of MiCA was put on the agenda as a legislative project as early as June 2022, and according to representatives of the crypto industry (for example, Tom Duff Gordon, Vice President of "Coinbase"), the adoption of the Regulation "will be a key moment for the blockchain market".

In his speech - Stefan Berger (EPP, Germany), lead rapporteur and MEP on the MiCA regulation, said: "This regulation is currently being worked on: "This puts the EU at the forefront of the token economy with 10,000 different cryptoassets. Users will be protected from fraud and scams, and the sector that suffered from the collapse of the crypto exchange "FTX" will be able to regain confidence. Users will have all the information they need and all major risks surrounding cryptoassets will need to be monitored. We guarantee that environmental impact disclosure will be taken into account by crypto-asset investors. This regulation brings a competitive advantage to the EU. The European crypto-asset industry has regulatory clarity that doesn't exist in countries like the US."