2/5  BIS central bankers' speeches  My second example is the regulatory approach pursued by the European Commission in the context of its Digital Finance Strategy for the EU.
The Commission’s proposal for a Regulation on Markets in Crypto-Assets, called MiCA, is a new legislative act that focuses on the issuance of stablecoins as well as utility tokens, and, more generally, on the provision of services related to crypto-assets. MiCA is intended to support innovation and at the same time preserve financial stability and protect investors.