Overview
- MiCA became fully applicable on July 1, forcing crypto‑asset service providers covered by the law to obtain national or EU authorisation to keep serving customers across the bloc.
- The European Parliament adopted a non‑binding report this week asking the European Commission to assess whether DeFi, staking, crypto lending, NFTs and tokenised financial assets should be brought more clearly under the EU rulebook.
- The European Securities and Markets Authority launched a coordinated EU‑wide custody review on July 8 that tests client‑asset segregation, private‑key and storage practices, transaction controls and operational resilience and is expected to run through the first half of 2027.
- ESMA has published final guidance that tightens scrutiny of non‑euro stablecoins operating in Europe and signals stricter conditions for foreign issuers to access EU markets.
- The Commission’s public consultation remains open into the autumn and officials are preparing a possible MiCA 2.0 review from 2027, a process that could speed consolidation of authorised firms and reshape how consumers onboard to licensed providers as euro‑stablecoin issuance grows.