Stronger oversight and revised stablecoin safeguards are among the changes proposed as the EU reviews its crypto-asset framework.
The European Central Bank has called for targeted changes to the EU’s Markets in Crypto-Assets Regulation (MiCAR) in response to the European Commission’s targeted consultation on the regulation’s review. The European System of Central Banks said the framework provides a harmonised regime for crypto-asset service providers (CASPs) and issuers, while pointing to areas that could be improved based on early implementation experience and changing market dynamics.
The ECB reiterated its support for stronger supervision of CASPs, including transferring authorisation,…
