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EU officials weigh MiCA changes to regulate non-EU stablecoin issuers

The reported revisions, dubbed “MiCA 2.0,” are set to be considered in 2027 and would also expand coverage to tokenized payments and deposits.

Reported · Written up by our desk · Regulation

EU officials are considering revisions to the EU’s Markets in Crypto-Assets framework, with plans that could widen MiCA to cover stablecoin issuers based outside the European Union, Euronews reported, framing the effort as a potential “MiCA 2.0.”

The move comes as the US implements its stablecoin law, the GENIUS Act, which the report says is pressuring EU regulators to clarify how US stablecoin issuers could be regulated in EU member states.

Under MiCA, crypto firms that offer services to users across the EU must be licensed as Crypto-Asset Service Providers, with the licensing requirement having taken effect on July 1. European Commission officials have also opened a comment period that includes potential updates touching decentralized finance and stablecoins.

Cointelegraph reported that EU officials will also reportedly consider expanding MiCA to include rules for tokenized payments and deposits. The proposal will remain open for comments until Aug. 31, and a legal expert cited by Cointelegraph previously said concrete changes are unlikely before 2028.

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