One of the first steps to regulate the Crypto-assets Market (MiCA) was taken by the European Union on 24 September 2020, through the publication of a Proposal for a Regulation of the European Parliament and of the Council on Markets in Crypto-assets.

The document is under discussion in the Council of the European Union. It will be directly applicable in all Member States 18 months after its entry into force, with the exception of the provisions relating to asset-referenced crypto tokens and electronic money crypto tokens, which will apply immediately.

The Proposal for a Regulation on the Crypto-asset Market translates into a real regulation of this market, which has not yet existed, giving the Regulatory Entities a relevant role in order to guarantee that the operators of the crypto-asset market are subject to specific authorizations and rules.

Although one of the objectives of the Regulation is to encourage innovation, there is a clear concern to preserve financial stability and protect investors from the risks associated with these markets. The new rules will thus have a very significant impact as they may apply to providers located in any territory.

In this article we present what is being discussed for the future of the Crypto-assets European Market.