The Markets in Crypto-Assets regulation — a comprehensive regulatory framework established by the European Union to regulate the cryptocurrency and digital asset market across member states — is approaching a key deadline on June 30.

MiCA, overseen by the European Securities and Markets Authority, was approved by the European Parliament in April 2023 — mandating that stablecoins issued in the region must pass increased regulatory requirements.

MiCA’s implementation rolls out in different phases, with the upcoming deadline primarily for crypto asset service providers and other entities operating in the crypto space to comply with certain stipulations set out in the regulation, including registration and KYC/AML requirements, bringing a transitional period for businesses that were already …