MiCA in evolution: Europe refines its crypto regulation

MemeEchoer · 2026-02-10T00:13:16+00:00

The essay discusses the need for a thorough review of the EU's MiCA regulatory framework after two years of implementation. Industry leaders highlight ambiguities and complexities in supervision and operational requirements that hinder innovation. To evolve towards a more effective MiCA 2.0, the proposal emphasizes clearer jurisdictional responsibilities and robust stablecoin regulations to bolster market trust and strengthen Europe’s position in global crypto regulation.

MemeEchoer

2026-02-10 00:13:16

Abstract generation in progress

Just over two years after the implementation of the EU’s MiCA regulatory framework, key players in the crypto sector believe a thorough review is necessary. The CEO of Gemini in Europe recently offered a critical reflection on the progress and limitations of this regulatory structure, emphasizing that while it represents an innovative step in digital regulation, it requires significant improvement to remain effective in a constantly evolving market.

From the current framework to MiCA 2.0: what needs to change

Since its implementation, MiCA has set an important precedent as a regulatory reference worldwide. However, industry executives identify multiple shortcomings in its structure. Jurisdictional oversight presents ambiguous interpretations in several member states, while operational requirements can sometimes be overly complex for trading platforms. These bureaucratic frictions not only increase compliance costs but can also discourage innovation within the European digital asset ecosystem.

Clear oversight and defined jurisdictional boundaries

The proposed evolution toward an improved MiCA primarily aims to establish more transparent and consistent oversight criteria. A central element would be the clear delineation of responsibilities between national regulators and European authorities, especially concerning emerging crypto products like non-fungible tokens and digital derivatives. This regulatory clarity is essential for companies in the sector to plan compliance strategies that are predictable and aligned with specific operational realities.

Stability of stablecoins and global leadership

Regulation of stablecoins is another critical pillar in the strengthening proposal. Establishing rigorous standards for collateralization and reserves would support market confidence and prevent potential liquidity crises. From a strategic perspective, a modernized MiCA would enable Europe to solidify its position as a global leader in crypto regulation, attracting talent and investment to its digital financial ecosystem.

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