EACC & Member News

Houthoff – EU Markets in Crypto-Assets Regulation – where do we stand?

The EU Markets in Crypto-Assets Regulation (“MiCA”) was published in the Official Journal of the European Union on 9 June 2023 and entered into force on 29 June 2023. Crypto-asset service providers (“CASPs”) need to be MiCA compliant by no later than 30 December 2024. It is notable that the requirements applicable to issuers of asset-referenced tokens and e-money tokens (Title III and IV MiCA) will already enter into force six months earlier, on 30 June 2024. In addition, Member States may apply transitional periods of no longer than 18 months, starting on 30 December 2024. These transitional periods will postpone the applicability of the licence requirement. The Dutch Minister of Finance is considering a reduced transitional period of 6 months, resulting in a final compliance date for Dutch CASPs of 1 July 2025.


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