MiCA – the first EU legislation on cryptocurrency

The European Parliament’s recent adoption of the Markets in Crypto-Assets Regulation (the “MiCA”) seeks to regulate and track all crypto-assets, including crypto currencies, NFT’s, issuers of utility tokens, asset referenced tokens and so-called ‘stablecoins’, across the EU, to ensure transparency, uniformity, and security in the realm of digital assets. An article authored by Katerina Pillakouri, Associate at Elias Neocleous & Co LLC, examines the impact of the MiCA ruling and the legal framework upon which it has been based. Katerina also touches on Cyprus as an emerging tech hub in Europe, and a highly competitive jurisdiction for fintech and crypto businesses.

The full article can be found on Mondaq here.

For more information, please contact Katerina Pillakouri.