As of · Retrieved Tuesday, September 22, 2026 (PT)
Regulation · EU MiCA
European Union — Markets in Crypto-Assets
EMT/ART rules, CASP authorization, transitional end, and fitness review. Not legal advice.
Milestones
- Regulation (EU) 2023/1114 in force 2023
- Stablecoin (ART/EMT) rules from 30 Jun 2024
- Broader MiCA / CASP applicability from 30 Dec 2024
- National grandfathering EU-wide backstop ends 1 Jul 2026 — unauthorized CASPs must cease / wind down (ESMA context)
- Commission fitness consultation opened May 2026 (possible revisions)
Practical themes
Authorization and passporting for CASPs; white papers; market abuse; custody safeguarding; complaints handling. EMT reserve composition created market outcomes debated in 2026 (secondary: USDC/EURC prominence on regulated venues). Verify live CASP counts on the ESMA register.