Regulatory action is needed to address the immediate risks in the crypto-assets market and to support public policy goals. The EU is taking important steps forward with the forthcoming Regulation of Markets in Crypto-Assets (MiCA). It is the first attempt at creating comprehensive regulations for digital assets and is expected to come into force in 2024.
MiCA will set a new standard, providing legal certainty for crypto-asset issuers, guaranteeing equal rights for service providers, and ensuring high standards for investors. Dear Colleagues and Friends, Safety and stability are the key characteristics of a sound monetary system that serves society. Central bank money provides the reference value for all other forms of money in the economy.