The European Union's Markets in Crypto Assets (MiCA) legislation has been published in the Official Journal of the European Union, marking the beginning of the process to implement licensing, stablecoin, and anti-money laundering regulations by the end of 2024. The law was signed on May 31, 2021, and will officially come into force within 20 days, but the rules will begin to apply on December 30, 2024.

The legislation aims to create a consistent regulatory framework for crypto assets among European Union member states, including registration and authorization requirements for issuers of cryptocurrencies, exchanges, and wallet providers, stablecoin issuers, and cryptocurrency custody services. The legislation also provides a framework to prevent market abuse, insider trading, and manipulative behavior in the cryptocurrency space.