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By Romain SWERTVAEGER, Partner, Fintech Leader Clément ROBERT, Senior Manager, Regulatory Compliance, EY Luxembourg
This summer, the first part of the EU’s MiCA Regulation will come into effect. Financial institutions (FIs) that are currently engaged in or exploring crypto assets will need to make operational adjustments. What specific actions are necessary, and how will this impact EU crypto customers?
In June 2024, the European Union will begin to apply part of the provisions of the Markets in Crypto-Assets (MiCA) Regulation, focusing first on Asset-Referenced Tokens (ARTs) and Electronic Money Tokens (EMTs). In doing so, the EU is presenting the financial industry with a framework to offer new digitalized products and services to...
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