MiCA Regulation: General Overview and Inhouse Perspective
Andrea Brancatelli, Assistant General Counsel, MoneyGram
The regulators are not able to anticipate technology but have been working, since now few years, to regulate the already existing phenomenon of digital currencies and crypto assets. In Europe such effort goes under the name of Markets in Crypto-Assets Regulation (â€œMiCAâ€) which has been issued very recently in the form of a â€œregulationâ€, immediately applicable within all EU member states, as opposed to a â€œdirectiveâ€ which requires local implementation.
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