The European Commission is considering expanding the scope of the Markets in Crypto-Assets (MiCA) regulation to address the rapid growth of tokenized financial assets, decentralized finance (DeFi), and foreign-issued stablecoins. This will potentially mark the most significant overhaul of the European Union’s landmark crypto framework since its introduction. According to reports, the European Commission is reviewing whether MiCA remains fit for purpose as institutional adoption of blockchain-based financial products accelerates and cross-border stablecoin activity grows. The review follows the launch of targeted and ... (full story)